Reed's REED will release its quarterly earnings report on Thursday, 2024-11-14. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Reed's to report an earnings per share (EPS) of $-0.20.
Anticipation surrounds Reed's's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings Track Record
In the previous earnings release, the company missed EPS by $0.62, leading to a 7.42% increase in the share price the following trading session.
Here's a look at Reed's's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.46 | -0.31 | -0.40 |
| EPS Actual | -0.77 | -0.40 | -1.25 | -0.34 |
| Price Change % | 7.000000000000001% | -1.0% | -4.0% | -3.0% |
Market Performance of Reed's's Stock
Shares of Reed's were trading at $3.24 as of November 11. Over the last 52-week period, shares are down 57.36%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Reed's 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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