Earnings Preview: Edible Garden AG
Portfolio Pulse from Benzinga Insights
Edible Garden AG (NASDAQ:EDBL) is set to release its quarterly earnings report on August 10, 2023. Analysts estimate an earnings per share (EPS) of $-0.90. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $1.19 and has seen a 96.55% decrease over the last 52 weeks.
August 09, 2023 | 5:02 pm
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Edible Garden AG is expected to report an EPS of $-0.90 in its upcoming earnings report. The company's history of missing EPS estimates and subsequent share price drops could potentially impact the stock negatively.
Edible Garden AG has a history of missing EPS estimates, which has typically resulted in a drop in share price. Given this trend and the analysts' estimate of a negative EPS, it is likely that the stock price may be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100