Reed's Inc expected to post a loss of 3 cents a share - Earnings Preview

Reed'S

10/08/2021 22:03

* Reed's Inc  REED.OQ   REED.O  is expected to show a rise in
quarterly revenue when it reports results on August 12. 
* The Norwalk, Connecticut-based company is expected to report 
 a 12.5% increase in revenue to $12.205 million from $10.85
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 3 cents per share. For the same quarter last year, the
company reported a loss of 3 cents per share.
* 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 mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Reed's Inc is
$2​, about 62.1% above​ its last closing price of $0.76. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021              -0.03      -0.05     Missed  -66.7
 Dec. 31 2020  -0.04       -0.04      -0.04     Met     0
 Sep. 30 2020  -0.02       -0.02      -0.04     Missed  -60​
 Jun. 30 2020  -0.04       -0.04      -0.03     Beat    25
 Mar.          -0.05​      -0.06      -0.05     Beat    16.7​
 31​ 2020​                                              
 Dec. 31 2019  -0.08       -0.08      -0.09     Missed  -17.4​
 Sep. 30 2019  -0.13       -0.11      -0.14     Missed  -27.3
 Jun. 30 2019  -0.10       -0.10      -0.12     Missed  -24.1
 This summary was machine generated August 10 at 21:03 GMT.  All
figures in US dollars unless otherwise stated