New Age Beverages Corporation (NASDAQ:NBEV) is reporting second quarter financial results on Monday 10th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, NBEV is expected to report 2Q20 loss of $ 0.09 per share from revenue of $ 65.93 million.
For the full year, analysts anticipate top line of $ 267.95 million, while looking forward to loss of $ 0.33 per share bottom line.
Previous Quarter Performance
New Age Beverages Corporation recorded loss for the first quarter of $ 0.14 per share, from the revenue of $ 63.69 million. The quarterly revenues extended 4.14 percent compared with the same quarter last year. According to street consensus, NBEV was expected to report 1Q20 loss of $ 0.12 per share from revenue of $ 62.92 million. The bottom line results missed street analysts by $ 0.02 or 16.67 percent, at the same time, top line results outshined analysts by $ 0.77 million or 1.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NBEV was $ 2.42, representing a 146.94 % increase from the 52 week low of $ 0.98 and a 34.42 % decrease over the 52 week high of $ 3.69.
The company has a market capital of $ 224.07 million and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
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Conference Call
New Age Beverages Corporation will be hosting a conference call at 8:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newagebev.com
New Age Beverages Corporation develops, markets, sells, and distributes healthy liquid dietary supplements and ready-to-drink (RTD) beverages. The company offers RTD tea, coffee, kombucha, energy drinks, relaxation drinks, coconut waters, functional waters, and rehydration beverages, as well as functional medical beverages. It provides its products under the Búcha Live Kombucha, XingTea, XingEnergy, Marley One Drop, Marley Mellow Mood, Marley Mate, Marley Cold Brew, Coco-Libre, PediaAde, Tahitian Noni Juice, TruAge, and Aspen Pure brands, as well as the Bio-Shield and NHanced brands.
