Earnings Outlook For Eastside Distilling
Portfolio Pulse from Benzinga Insights
Eastside Distilling (NASDAQ:EAST) is expected to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts predicting an EPS of $-1.70. The company's stock performance has been negative over the last year, with a 78.27% decline. Historical data shows that the company's share price reacts significantly to earnings reports and guidance, with a 25.93% drop after missing EPS last quarter. Investors will be looking for an earnings beat and positive guidance for the next quarter.
November 13, 2023 | 4:02 pm
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NEGATIVE IMPACT
Eastside Distilling is anticipated to report a quarterly EPS of $-1.70. Historical performance indicates significant stock price volatility post-earnings, with a notable 25.93% drop after the last miss. Shares have fallen 78.27% over the past year.
Given the historical performance where EAST's stock price dropped significantly after missing EPS estimates, and considering the overall negative trend over the past year, it is likely that any negative earnings report or guidance could lead to a further decline in the short term. The importance is high due to the substantial past price movements post-earnings, and the confidence level reflects the consistency of the stock's reaction to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100