High Tide Inc (HITI, Financial) is set to release its Q3 2024 earnings on Sep 17, 2024. The consensus estimate for Q3 2024 revenue is $94.56 million, and the earnings are expected to come in at -$0.02 per share. The full year 2024's revenue is expected to be $378.63 million and the earnings are expected to be -$0.03 per share. More detailed estimate data can be found on the Estimates page.
High Tide Inc (HITI, Financial) Estimates Trends
Over the past 90 days, revenue estimates for High Tide Inc (HITI) for the full year 2024 have decreased from $380.98 million to $378.63 million, and for 2025, they have decreased from $429.52 million to $438.13 million. During the same period, earnings estimates for 2024 have improved from -$0.05 per share to -$0.03 per share, while estimates for 2025 have decreased from $0.08 per share to $0.06 per share.
High Tide Inc (HITI, Financial) Reported History
In the previous quarter of April 30, 2024, High Tide Inc's (HITI) actual revenue was $91.59 million, which missed analysts' revenue expectations of $94.048 million by -2.62%. High Tide Inc's (HITI) actual earnings were $0.00 per share, which met analysts' earnings expectations. After releasing the results, High Tide Inc (HITI) was down by -2.66% in one day.
High Tide Inc (HITI, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 1 analyst, the average target price for High Tide Inc (HITI) is $4.50 with a high estimate of $4.50 and a low estimate of $4.50. The average target implies an upside of 101.85% from the current price of $2.23.
Based on GuruFocus estimates, the estimated GF Value for High Tide Inc (HITI, Financial) in one year is $3.15, suggesting an upside of 41.26% from the current price of $2.23.
Based on the consensus recommendation from 1 brokerage firm, High Tide Inc's (HITI, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
