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

Reed'S

10/11/2022 22:53

* Reed's Inc  REED.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in September. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue fell 9.8% to $12.09 million from a year ago;
analysts
expected $16.91 million. 
    * Reed's Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The mean earnings estimate of analysts was unchanged 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 risen by 3.8% this quarter and
lost 65.1%
so far this year.
    * The company reported a quarterly loss of $3.23 million.
    * Wall Street's median 12-month price target for Reed's Inc
is
$0.75 
    * 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 from Refinitiv data November
10 at 10:53 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.02          -0.03          Missed
 Jun. 30 2022      -0.04          -0.05          Missed
 Mar. 31 2022      -0.04          -0.05          Missed
 Dec. 31 2021      -0.04          -0.05          Missed