High Tide Inc. (HITI) Reports Q1 Loss, Tops Revenue Estimates

Company Performance - High Tide Inc. reported a quarterly loss of $0.02 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.01, marking an earnings surprise of -100% [1] - The company posted revenues of $100.25 million for the quarter ended January 2025, exceeding the Zacks Consensus Estimate by 4.46$94.76 million year-over-year [2] - Over the last four quarters, High Tide has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Outlook - High Tide shares have declined approximately 23.6% since the beginning of the year, compared to a decline of -4.1% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of$100.85 million, and for the current fiscal year, it is -$0.04 on revenues of$413.24 million [7] Industry Context - The Medical - Products industry, to which High Tide belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact High Tide's stock performance [5]