Earnings Release: Here's Why Analysts Cut Their Reed's, Inc. Price Target To US$3.50 [Yahoo! Finance News]
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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reedsinc.com/investors
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Source: Yahoo! Finance News
Earnings Release: Here's Why Analysts Cut Their Reed's, Inc. Price Target To US$3.50 Investors in Reed's, Inc. NASDAQ:REED Check out our latest analysis for Reed's Taking into account the latest results, the latest consensus from Reed's's three analysts is for revenues of US$40.9m in 2020, which would reflect a meaningful 13% improvement in sales compared to the last 12 months. Per-share losses are expected to explode, reaching US$0.23 per share. Before this earnings announcement, analysts had been forecasting revenues of US$43.1m and losses of US$0.28 per share in 2020. While revenue forecasts have been revised downwards, analysts look to have become more optimistic on the company's earnings power, given the substantial gain in to earnings per share forecasts. Analysts have cut their price target 26% to US$3.50 per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses. There's another way to think about price targets though, a
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed’s Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ETGlobeNewswire
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
REED
Earnings
- 11/9/23 - Beat
REED
Sec Filings
- 4/4/24 - Form 4/A
- 4/3/24 - Form 8-K/A
- 4/2/24 - Form 8-K
- REED's page on the SEC website