Eastside Distilling EAST is gearing up to announce its quarterly earnings on Thursday, 2024-11-14. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Eastside Distilling will report an earnings per share (EPS) of $-0.66.
The market awaits Eastside Distilling's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Historical Earnings Performance
Last quarter the company missed EPS by $0.05, which was followed by a 1.31% increase in the share price the next day.
Here's a look at Eastside Distilling's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.82 | -0.22 | -0.90 | -1.26 |
| EPS Actual | -0.87 | -0.78 | -1.16 | -2 |
| Price Change % | 1.0% | -28.999999999999996% | -16.0% | -10.0% |
Tracking Eastside Distilling's Stock Performance
Shares of Eastside Distilling were trading at $0.5793 as of November 12. Over the last 52-week period, shares are down 39.36%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Eastside Distilling visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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