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

• High Tide Inc HITI.V reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -5 cents tozero cents per share.

• Revenue rose 8.8% to C$138.30 million from a year ago; analysts expected C$135.30 million.

• High Tide Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of C$4.69 million.

• High Tide Inc shares had fallen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• 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"

Wall Street's median 12-month price target for High Tide Inc is $4.50

This summary was machine generated from LSEG data January 30 at 04:36 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)