High Tide Inc reports results for the quarter ended January 31 - Earnings Summary

Reuters03-18

High Tide Inc HITI.V reported a quarterly adjusted loss of 3 cents per share for the quarter ended January 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -6 cents to -1 cents per share.
Revenue rose 11.2% to C$142.46 million from a year ago; analysts expected C$137.85 million.
High Tide Inc's reported EPS for the quarter was a loss of 3 cents.
The company reported a quarterly loss of C$2.81 million.
High Tide Inc shares had fallen by 21.4% this quarter.

FORECAST CHANGES

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the drug retailers peer group is also "buy"

This summary was machine generated from LSEG data March 18 at 04:31 p.m. UTC. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING	ESTIMATE	ACTUAL	BEAT, MET, MISSED
Jan. 31 2025	-0.03	-0.03	Met
Oct. 31 2024	-0.02	-0.07	Missed
Jul. 31 2024	-0.02	0.01	Beat
Apr. 30 2024	-0.02	0.00	Beat

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The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -6 cents to -1 cents per share.Revenue rose 11.2% to C$142.46 million from a year ago; analysts expected C$137.85 million. High Tide Inc's reported EPS for the quarter was a loss of 3 cents.The company reported a quarterly loss of C$2.81 million.High Tide Inc shares had fallen by 21.4% this quarter.FORECAST CHANGESIn the last 30 days, there have been no earnings estimate revisions by analysts covering the company.RECOMMENDATIONSThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy,\" no \"hold\" and no \"sell\" or \"strong sell.\" The average consensus recommendation for the drug retailers peer group is also \"buy\"This summary was machine generated from LSEG data March 18 at 04:31 p.m. UTC. All figures in Canadian dollars unless otherwise stated. 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