Edible Garden AG Inc reports results for the quarter ended in June - Earnings Summary

Edible Garden AG

14/08/2024 14:52

* Edible Garden AG Inc  EDBL.OQ  reported a quarterly
adjusted
loss of $1.21​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-4.80.  The lone analyst forecast for the quarter was for a
loss of $4.21 per share. 
    * Revenue rose 1.1% to $4.27 million from a year ago;
analysts
expected $4.43 million. 
    * Edible Garden AG Inc's reported EPS for the quarter was a
loss
of $1.21​.
    * The company reported a quarterly loss of $1.93 million.
    * Edible Garden AG Inc shares had fallen by 8.9% this
quarter and
lost 88.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.5%
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 fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Edible Garden AG
Inc is $12.00 
This summary was machine generated from LSEG data August 14 at
01:52 p.m. UTC. ​All figures in US 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
 Jun. 30 2024      -4.21          -1.21          Beat
 Mar. 31 2024      -7.60          -13.65         Missed