High Tide Third Quarter 2024 Earnings: EPS: CA$0.01 (vs CA$0.048 loss in 3Q 2023)

In This Article:

High Tide (CVE:HITI) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CA$131.7m (up 5.9% from 3Q 2023).

  • Net income: CA$717.0k (up from CA$3.57m loss in 3Q 2023).

  • Profit margin: 0.5% (up from net loss in 3Q 2023).

  • EPS: CA$0.01 (up from CA$0.048 loss in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

High Tide Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

Be aware that High Tide is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.