Roth Capital Issues Pessimistic Forecast for Reed’s Earnings

Reed’s, Inc. (OTCMKTS:REED) – Equities researchers at Roth Capital dropped their FY2027 earnings per share (EPS) estimates for shares of Reed’s in a research report issued to clients and investors on Sunday, May 18th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings of $0.00 per share for the year, down from their previous forecast of $0.02. Roth Capital has a “Buy” rating on the stock. The consensus estimate for Reed’s’ current full-year earnings is ($1.22) per share.

Reed’s (OTCMKTS:REED) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $10.03 million during the quarter, compared to analysts’ expectations of $9.85 million.

Separately, StockNews.com began coverage on Reed’s in a research note on Monday. They issued a “sell” rating on the stock.

Reed’s Stock Performance

Shares of REED opened at $1.18 on Tuesday. Reed’s has a 52-week low of $0.51 and a 52-week high of $1.93. The business’s fifty day moving average is $1.50 and its 200-day moving average is $1.17. The firm has a market cap of $53.54 million, a price-to-earnings ratio of -0.29 and a beta of 0.49.

About Reed’s

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.