On Tuesday, August 13, RiceBran Tech RIBT will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
RiceBran Tech's per-share loss will be near 7 cents on sales of $7.05 million, according to Wall Street analysts.
In the same quarter last year, RiceBran Tech reported an EPS loss of 11 cents on revenue of $3.20 million. Sales would be up 120.45% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | -0.070 | -0.07 | -0.09 | -0.11 |
| EPS Actual | -0.100 | -0.09 | -0.07 | -0.11 |
Stock Performance
Over the last 52-week period, shares are up 0.75%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on RiceBran Tech stock is a Buy. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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