Reeds, Inc. (NASDAQ:REED) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, REED to report 3Q20 loss of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 39.60 million, while looking forward to loss of $ 0.13 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. unwinded loss for the second quarter of $ 0.03 per share, from the revenue of $ 10.85 million. According to street consensus, REED was expected to report 2Q20 loss of $ 0.04 per share from revenue of $ 9.80 million. The bottom line results beat street analysts by $ 0.01 or 25.00 percent, at the same time, top line results outshined analysts by $ 1.05 million or 10.71 percent.
Stock Performance
On Friday, shares of Reeds, Inc. has traded high as $ 0.87 and has cracked $ 0.81 on the downward trend, reaching $ 0.84 with volume of 493.50 thousand shares.
According to the previous trading day, closing price of $ 0.84, representing a 144.44 % increase from the 52 week low of $ 0.36 and a 46.34 % decrease over the 52 week high of $ 1.64.
The company has a market capital of $ 52.84 million and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Conference Call
Reeds, Inc. will be hosting a conference call at 4:30 PM 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.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.
