Reed's Inc expected to post a loss of $1.02 a share - Earnings Preview

Reed'S

12/05/2023 13:28

* Reed's Inc  REED.PK   is expected to show a rise in
quarterly
revenue when it reports  results on May 15 (estimated). 
    * The Norwalk Connecticut-based  company is expected to
report  a
15.9% increase in revenue to $14.119 million from $12.18 million
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Reed's Inc is for a
loss
of $1.02 per share. 
    * The one available analyst rating on the shares is "buy".  
    * The average consensus recommendation for the non-alcoholic
beverages peer group is also "Buy".​
    * Wall Street's median 12-month price target for Reed's Inc
is
$24​, above​ its last closing price of $2.26. ​​​

This summary was machine generated May 12 at 12:28 GMT.  All
figures in US dollars  unless otherwise stated