New Age Beverages Corporation (NASDAQ:NBEV) is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share from $ 70.69 million in revenue.
For the full year, analysts predict revenues of $ 289.67 million, while looking forward to loss of $ 0.32 per share.
Previous Quarter Performance
New Age Beverages Corporation announced loss for the second quarter of $ 0.10 per share, from the revenue of $ 62.64 million. The quarterly revenues reduced 4.07 percent compared with the same quarter last year. According to street consensus, NBEV was expected to report 2Q20 loss of $ 0.09 per share from revenue of $ 65.93 million. The bottom line results missed street analysts by $ 0.01 or 11.11 percent, at the same time, top line results fell short of analysts by $ 3.29 million or 4.99 percent.
Stock Performance
On Friday, shares of New Age Beverages Corporation has traded high as $ 3.29 and has cracked $ 3.06 on the downward trend, reaching $ 3.24 with volume of 4.95 million shares.
According to the previous trading day, closing price of $ 3.24, representing a 206.12 % increase from the 52 week low of $ 0.98 and a 8.81 % decrease over the 52 week high of $ 3.29.
The company has a market capital of $ 318.86 million and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Conference Call
New Age Beverages Corporation will be hosting a conference call at 8:00 AM eastern time on 9th November 2020, to discuss its 3Q20 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.
