FY2027 EPS Estimates for High Tide Lowered by Zacks Research

Key Points

• Zacks Research lowered High Tide’s FY2027 EPS estimate to $0.08 from $0.11, though this remains above the current full-year consensus estimate of $0.03.
• High Tide beat quarterly expectations, reporting $0.09 EPS versus the $0.01 consensus and revenue of $141.74 million compared with estimates of $138.97 million.
• Analyst sentiment remains mixed but leans positive, with a “Moderate Buy” consensus rating and a $5.62 average price target; the stock recently opened at $2.65.

High Tide Inc. (NASDAQ:HITI - Free Report) - Equities research analysts at Zacks Research lowered their FY2027 earnings estimates for shares of High Tide in a report released on Wednesday, September 16th. Zacks Research analyst T. Kerr now anticipates that the company will post earnings per share of $0.08 for the year, down from their prior estimate of $0.11. The consensus estimate for High Tide's current full-year earnings is $0.03 per share.

High Tide (NASDAQ:HITI - Get Free Report) last released its quarterly earnings data on Monday, September 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.08. The business had revenue of $141.74 million during the quarter, compared to analysts' expectations of $138.97 million. High Tide had a negative net margin of 4.73% and a positive return on equity of 5.13%.

HITI has been the subject of a number of other reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of High Tide in a research note on Friday, July 17th. D. Boral Capital began coverage on High Tide in a report on Wednesday, July 22nd. They issued a "buy" rating and a $4.00 target price for the company. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.62.

High Tide Stock Performance

Shares of High Tide stock opened at $2.65 on Friday. The company's 50 day moving average price is $2.36 and its two-hundred day moving average price is $2.37. The firm has a market capitalization of $235.83 million, a P/E ratio of -11.52 and a beta of 0.62. High Tide has a fifty-two week low of $2.02 and a fifty-two week high of $4.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.66.

Institutional Trading of High Tide

A number of institutional investors and hedge funds have recently bought and sold shares of HITI. Friday Financial acquired a new position in High Tide during the 2nd quarter worth about $29,000. Spark Investment Management LLC acquired a new stake in shares of High Tide in the fourth quarter valued at about $43,000. AXQ Capital LP bought a new position in shares of High Tide during the second quarter worth about $86,000. State of Wyoming bought a new position in shares of High Tide during the first quarter worth about $387,000. Finally, Renaissance Technologies LLC lifted its stake in shares of High Tide by 13.0% in the first quarter. Renaissance Technologies LLC now owns 1,067,632 shares of the company's stock worth $2,445,000 after acquiring an additional 122,569 shares during the period. 4.52% of the stock is currently owned by institutional investors and hedge funds.

About High Tide

High Tide Inc is a Canadian cannabis company focused on the retail and sale of cannabis products and consumption accessories. Its retail operations are conducted primarily under the Canna Cabana brand, while its digital platforms support online shopping, customer engagement and loyalty programs.

The company offers a range of products, including dried cannabis, pre-rolls, cannabis oils, edibles, beverages and other cannabis formats, subject to applicable regulations. Through related brands and platforms, High Tide also sells smoking accessories and other products designed for cannabis consumers.

Founded in 2009, High Tide is headquartered in Calgary, Alberta, and serves Canadian consumers through its retail network and e-commerce operations.

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