Reeds (REED) Scheduled to Post Quarterly Earnings on Tuesday

Reeds (NASDAQ:REED) is scheduled to announce its earnings results after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.

Reeds (NASDAQ:REED) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.03). The firm had revenue of $8.45 million during the quarter, compared to the consensus estimate of $8.14 million. On average, analysts expect Reeds to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ REED opened at $2.97 on Tuesday. Reeds has a fifty-two week low of $1.90 and a fifty-two week high of $4.05. The firm has a market capitalization of $102.16 million, a PE ratio of -7.82 and a beta of 1.28. The business has a fifty day moving average of $3.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 2.11.

Separately, R. F. Lafferty started coverage on Reeds in a report on Friday, May 10th. They issued a “buy” rating and a $5.00 price target for the company.

About Reeds

Reed's, Inc develops, manufactures, markets, and sells natural hand-crafted beverages and candies in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reed's ginger beers; Virgil's root beer and cream sodas; Flying Cauldron Butterscotch Beer; and Sonoma Sparkler branded sparkling juices.

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Earnings History for Reeds (NASDAQ:REED)

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