Reeds, Inc. (NASDAQ:REED) is set to announce second quarter earning results on Monday 10th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REED to report 2Q20 loss of $ 0.04 per share from revenue of $ 9.80 million.
For the full year, analysts anticipate top line of $ 37.91 million, while looking forward to loss of $ 0.17 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 38.00 million ~ $ 42.60 million
Click Here For More Historical Outlooks Of Reeds, Inc.
Previous Quarter Performance
Reeds, Inc. disclosed loss for the first quarter of $ 0.05 per share, from the revenue of $ 9.52 million. The quarterly revenues elevated 13.88 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.06 per share from $ 8.66 million in revenue. The bottom line results beat street analysts by $ 0.01 or 16.67 percent, at the same time, top line results outshined analysts by $ 0.86 million or 9.93 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Reeds, Inc.
Stock Performance
According to the previous trading day, closing price of REED was $ 1.35, representing a 275.00 % increase from the 52 week low of $ 0.36 and a 57.01 % decrease over the 52 week high of $ 3.14.
The company has a market capital of $ 84.95 million and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
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Conference Call
Reeds, Inc. will be hosting a conference call at 4:30 PM 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.drinkreeds.com
Reeds, Inc. develops, manufactures, and sells natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reeds craft ginger beers; Virgils craft sodas; and Virgils zero sugar sodas.
