Earnings Preview: Reed's
Portfolio Pulse from Benzinga Insights
Reed's (NASDAQ:REED) is set to release its latest quarterly earnings report on November 10, 2023. Analysts estimate an earnings per share (EPS) of $-0.40. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, Reed's beat EPS by $0.33, resulting in an 8.3% increase in share price the next day. However, the stock has been down 50.83% over the last 52-week period.
November 09, 2023 | 2:01 pm
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Reed's is expected to report an EPS of $-0.40 in its upcoming earnings release. The company's stock price has been negatively affected over the past year, but it has shown positive response to earnings beats in the past.
The upcoming earnings report is highly relevant to Reed's stock price. While the stock has been down over the past year, it has shown positive response to earnings beats. However, given the negative trend, it's uncertain whether a potential earnings beat would significantly lift the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100