Reeds Reports Quarterly Net Loss
Reeds (REED) reported a quarterly net loss of $0.99 per share, outperforming the Zacks consensus estimate of a $1.32 loss. This marks an improvement compared to the $2.50 loss per share recorded in the same period last year. These figures are adjusted for non-recurring items.
Earnings Surprise and Historical Performance
The earnings report delivered a positive surprise of 25%. In the previous quarter, the company was expected to incur a loss of $1.02 per share but reported a larger loss of $1.70, resulting in a negative surprise of approximately 66.67%. Over the past four quarters, Reeds has exceeded analyst estimates only once.
Stock Performance and Future Outlook
The stock's short-term price movement will largely depend on management's commentary during the earnings call and future outlook. Since the start of the year, Reeds' shares have declined by about 19.8%, contrasting with the S&P 500's 16.4% gain.
Analyst Sentiment and Earnings Estimates
Looking ahead, investors are questioning the stock's next move amid underperformance so far this year. A key indicator is the company's earnings outlook,...