Reed's: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Reed's reported Q1 earnings with an EPS of $-1.7, missing estimates by 66.67%. Revenue was down $1.02 million from the same period last year. The company has a history of missing EPS estimates and experiencing share price drops.
June 01, 2023 | 11:45 am
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NEGATIVE IMPACT
Reed's Q1 earnings missed estimates with an EPS of $-1.7, down $1.02 million in revenue YoY. The company has a history of missing EPS estimates and experiencing share price drops.
Reed's reported a significant miss in Q1 earnings, with an EPS of $-1.7 compared to the estimated $-1.02. This is a 66.67% miss, which is likely to negatively impact the stock price in the short term. Additionally, the company has a history of missing EPS estimates and experiencing share price drops, which further supports the expectation of a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100