High Tide (US:HITI) ZACKSยท2024-09-11 22:56Company Performance - High Tide Inc. (HITI) closed at $2.22, with a gain of +1.37% on the most recent trading day, outperforming the S&P 500's gain of 1.07% [1] - The company's stock has increased by 11.17% over the past month, surpassing the Medical sector's gain of 3.34% and the S&P 500's gain of 2.92% [1] Upcoming Earnings - High Tide Inc. is set to announce its earnings on September 16, 2024, with analysts expecting earnings of -$0.02 per share, reflecting a year-over-year growth of 33.33% [2] - The consensus estimate for revenue is $93.3 million, indicating a slight increase of 0.14% from the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of -$0.03 per share and revenue of $374.14 million, representing changes of +66.67% and +3.48% respectively compared to the previous year [3] Analyst Projections - Recent shifts in analyst projections for High Tide Inc. should be monitored, as they reflect changing business trends and can indicate analysts' favorable outlook on the company's health and profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [6] - High Tide Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [6] Industry Overview - The Medical - Products industry, part of the Medical sector, has a Zacks Industry Rank of 84, placing it in the top 34% of all industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]