Analysts Anticipate Reeds, Inc. (NASDAQ:REED) Will Announce Earnings of -$0.09 Per Share

Brokerages expect Reeds, Inc. (NASDAQ:REED) to post earnings per share of ($0.09) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Reeds’ earnings. Reeds reported earnings of ($0.10) per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The firm is expected to announce its next earnings results on Tuesday, November 12th.

According to Zacks, analysts expect that Reeds will report full-year earnings of ($0.41) per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.21) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Reeds.

Reeds (NASDAQ:REED) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The business had revenue of $9.48 million during the quarter, compared to the consensus estimate of $10.32 million.

Separately, ValuEngine cut Reeds from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Reeds stock opened at $0.75 on Monday. The stock has a 50-day moving average of $1.47 and a two-hundred day moving average of $2.89. The company has a current ratio of 1.63, a quick ratio of 0.61 and a debt-to-equity ratio of 2.73. Reeds has a one year low of $0.69 and a one year high of $4.05.

About Reeds

Reed's, Inc develops, manufactures, markets, and sells natural hand-crafted beverages and candies in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reed's ginger beers; Virgil's root beer and cream sodas; Flying Cauldron Butterscotch Beer; and Sonoma Sparkler branded sparkling juices.

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