Streetbeat News

REED

Reeds Inc

Employees

Industry

Soft Drink Manufacturing

Open

1.11

Mkt cap

4.5M

Volume

5.7K

High

1.11

P/E Ratio

-0.36

52-wk high

2.42

Low

1.08

Div yield

N/A

52-wk low

0.59

Reed's reported Q3 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.40) by 92.5%. However, the company's quarterly sales of $11.86 million missed the analyst consensus estimate of $15.38 million by 22.91%. This represents a 1.97% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:40 pm

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.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 2:01 pm

Roth MKM analyst Sean McGowan maintains a 'Buy' rating on Reed's (OTC:REED) but has lowered the price target from $17 to $7.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 1:53 pm

Reed's Inc. reported Q2 earnings per share (EPS) of $(0.99), beating the analyst consensus estimate of $(1.32) by 25%. However, the company's quarterly sales of $10.01 million missed the analyst consensus estimate of $12.72 million by 21.34%. Compared to the same period last year, the EPS increased by 60.4% while sales decreased by 27.10%.

Portfolio Pulse from mahesh@benzinga.com

August 10, 2023 | 8:31 pm

Reed's reported Q1 sales of $11.16 million and a loss of $4.36 million, despite a 35.63% increase in earnings. The company posted a return on capital employed (ROCE) of 0.35%, indicating effective capital allocation. However, Q1 earnings per share of $-1.7 did not meet analyst predictions of $-1.02.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm

Reed's Inc reported a Q1 FY23 sales decrease of 8.4% YoY to $11.16 million, missing the analyst consensus estimate of $14.12 million. The decrease was primarily due to tightened credit terms from suppliers, impacting inventory. The company expects to turn cash flow positive in H2 2023.

Portfolio Pulse from Shivani Kumaresan

June 01, 2023 | 4:16 pm

Reeds Inc. anticipates FY23 gross margin to exceed 30% and modified EBITDA to become profitable by 2H23. The company also expects to achieve positive cash flow in 2H23.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 12:01 pm

Reed's Q1 earnings per share (EPS) of $(1.70) missed the $(1.02) estimate, and sales of $11.16M missed the $14.12M estimate. This represents a 32% increase in losses and an 8.41% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:49 am

Reed's reported Q1 earnings with an EPS of $-1.7, missing estimates by 66.67%. Revenue was down $1.02 million from the same period last year. The company has a history of missing EPS estimates and experiencing share price drops.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 11:45 am

Reed's (NASDAQ:REED) is set to release its latest quarterly earnings report on June 1, 2023. Analysts estimate an EPS of $-1.02. The company's historical earnings performance shows missed EPS estimates and negative price changes. Shares are down 69.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 4:04 pm

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