Zacks Research Brokers Lift Earnings Estimates for High Tide

Key Points

• Zacks Research raised High Tide’s FY2026 EPS estimate to $0.12 from $0.03, above the current consensus estimate of $0.07.
• Analyst sentiment is generally positive but mixed: High Tide has a “Moderate Buy” consensus rating, with three Buy ratings and one Sell rating, and a consensus price target of $5.62.
• High Tide exceeded quarterly expectations, reporting $0.09 EPS versus $0.01 expected and revenue of $141.74 million versus $138.97 million projected.

High Tide Inc. (NASDAQ:HITI - Free Report) - Analysts at Zacks Research lifted their FY2026 EPS estimates for High Tide in a research report issued on Wednesday, September 16th. Zacks Research analyst T. Kerr now anticipates that the company will post earnings of $0.12 per share for the year, up from their prior estimate of $0.03. The consensus estimate for High Tide's current full-year earnings is $0.07 per share. Zacks Research also issued estimates for High Tide's Q4 2026 earnings at $0.02 EPS.

Several other analysts also recently issued reports on the company. Wall Street Zen raised High Tide from a "hold" rating to a "buy" rating in a research note on Saturday. D. Boral Capital began coverage on High Tide in a research report on Wednesday, July 22nd. They set a "buy" rating and a $4.00 price objective for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of High Tide in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, High Tide presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.62.

High Tide Price Performance

Shares of NASDAQ HITI opened at $2.58 on Monday. The firm has a market cap of $229.59 million, a PE ratio of -11.22 and a beta of 0.62. The company has a current ratio of 1.50, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. High Tide has a 1-year low of $2.02 and a 1-year high of $4.06. The company has a fifty day moving average price of $2.37 and a 200 day moving average price of $2.37.

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

Institutional Investors Weigh In On High Tide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of High Tide by 13.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,067,632 shares of the company's stock worth $2,445,000 after buying an additional 122,569 shares during the last quarter. State of Wyoming acquired a new stake in shares of High Tide in the first quarter valued at about $387,000. AXQ Capital LP bought a new stake in High Tide during the second quarter worth about $86,000. Spark Investment Management LLC acquired a new position in High Tide during the fourth quarter valued at approximately $43,000. Finally, Friday Financial acquired a new position in High Tide during the second quarter valued at approximately $29,000. 4.52% of the stock is currently owned by institutional investors and hedge funds.

High Tide Company Profile

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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