Reed's Q4 2023 GAAP EPS $(2.07), Sales $11.700M Miss $14.084M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reed's Inc. reported a Q4 2023 GAAP EPS of $(2.07) and sales of $11.700M, missing the analyst consensus estimate of $14.084M by 16.93%. This represents a 22.21% decrease in sales compared to the same period last year.
March 28, 2024 | 8:39 pm
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NEGATIVE IMPACT
Reed's Inc. reported significant misses in both EPS and sales for Q4 2023, with a 22.21% YOY decrease in sales.
Missing analyst estimates on both EPS and sales, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100