Reed’s, Inc. (NYSE:REED – Free Report) – Roth Capital cut their Q3 2024 EPS estimates for Reed’s in a research report issued on Wednesday, August 14th. Roth Capital analyst S. Mcgowan now anticipates that the company will earn ($0.20) per share for the quarter, down from their previous estimate of ($0.06). The consensus estimate for Reed’s’ current full-year earnings is ($0.56) per share. Roth Capital also issued estimates for Reed’s’ Q4 2024 earnings at ($0.21) EPS, FY2024 earnings at ($1.25) EPS, Q1 2025 earnings at ($0.40) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.24) EPS, FY2025 earnings at ($1.13) EPS and FY2026 earnings at ($0.78) EPS.
Separately, StockNews.com began coverage on Reed’s in a research note on Saturday. They issued a “sell” rating on the stock.
Reed’s Trading Down 0.8 %
Reed’s stock opened at $1.51 on Monday. The business’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.58. Reed’s has a 12 month low of $1.00 and a 12 month high of $3.75. The company has a market cap of $6.29 million, a price-to-earnings ratio of -0.40 and a beta of 1.13.
Reed’s (NYSE:REED – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). The business had revenue of $11.87 million for the quarter, compared to analysts’ expectations of $11.47 million.
About Reed’s
Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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