Reed's Inc reports results for the quarter ended in March - Earnings Summary

Reed'S

16/05/2022 22:44

* Reed's Inc  REED.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 4
cents per share.
    * Revenue rose 0.3% to $12.18 million from a year ago; 
analysts
expected $13.10 million. 
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Reed's Inc shares had fallen by 30.1% this quarter and
lost 41.4% so far this year.
    * The company reported a quarterly loss of $4.98 million.
    * Wall Street's median 12-month price target for Reed's Inc
is
$1.05 
    * 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." 

This summary was machine generated May 16 at 09:43 p.m.  ​All
figures in US dollars unless otherwise stated