April Earnings Preview: Harvest Health & Trulieve

Harvest Health and Trulieve Both Report In The Next 24 Hours

With Harvest Health reporting after hours today, we look at the analyst estimates for both them and Trulieve, as Trulieve will also be reporting their Q4 earnings on 04/08 before markets open.

This post intends to share analyst consensus estimates regarding metrics such as reported revenue and EBITDA, along with providing future updates which will include items such as the press release issued with the financials, the company's earnings deck, a link to the conference call webcast, a transcript of the conference call, the company's published MD&A and quarterly filing, and any other items of interest.

That being said, this resource will be updated on an ongoing basis to cover all of the aforementioned, alongside offering a Q-over-Q comparison surrounding certain metrics. In case you missed it, we published a similar write-up related to the recent releases by Curaleaf and Green Thumb Industries, which can be viewed here.

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If you would like to learn more about each company, please click through their company logo to be taken to their investor profile page where we delve into specific details such as fully diluted market cap, share count, key quarterly financial metrics, and also extrapolate on their licenses by way of a highly-detailed footprint map. Lastly, if you're interested in looking at other data for Curaleaf, Green Thumb Industries, and all of the other companies - such as 'Last Quarter' and 'Q-over-Q' metrics - head over to our Visualizations page.

Analyst Estimates

Revenue: Citing the company's organic growth - with no acquisitions closing in the quarter - the analyst consensus for Harvest's Q4 revenue rests at $40 million, a 21% increase quarter-over-quarter. EBITDA: With profitability likely similar to Harvest's Q3 results, analyst consensus for the company's Q4 EBITDA is ($9.5 million), with one analyst is projecting for ($13 million).

Revenue: Analysts are aligned with an anticipated revenue target of $78 million for Trulieve, which would be a +10% increase on a quarter-over-quarter basis. EBITDA: While the consensus is for Trulieve to generate $32 million in EBITDA - a 14% decline Q-over-Q inspired by the typically promotional Q4 period that brings about some pricing pressure - one analyst is forecasting for a beat to the tune of $36.5 million.

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