Reed's Inc expected to post a loss of 4  cents a share - Earnings Preview

Reed'S

10/08/2022 02:00

* Reed's Inc  REED.OQ   REED.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 11. 
    * The Norwalk Connecticut-based  company is expected to
report  a
27.5% increase in revenue to $14.369 million from $11.27 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Reed's Inc is for a
loss
of 4 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 2 "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
$0.93​, above​ its last closing price of $0.21. ​​​

This summary was machine generated August 10 at 01:00 GMT.  All
figures in US dollars  unless otherwise stated