Earnings Outlook For Eastside Distilling
Portfolio Pulse from Benzinga Insights
Eastside Distilling (NASDAQ:EAST) is scheduled to release its quarterly earnings report on March 27, 2024, with an expected EPS of $-0.90. Analysts and investors are keen on whether EAST will surpass this estimate and provide positive future guidance. Historical data shows a correlation between earnings performance and stock price movement. EAST's stock has declined 80% over the last year, trading at $1.03 as of March 25.
March 26, 2024 | 3:01 pm
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Eastside Distilling is expected to report an EPS of $-0.90 for the upcoming quarter. Historical performance indicates significant stock price movement post-earnings announcement.
Given EAST's history of stock price volatility post-earnings, the upcoming report could lead to similar short-term movements. However, the exact direction is uncertain, as it may depend on whether EAST beats the EPS estimate and provides positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100