Roth Capital Has Pessimistic View of Reed's FY2027 Earnings

Reed's, Inc. (OTCMKTS:REED - Free Report) - Investment analysts at Roth Capital lowered their FY2027 earnings per share 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 expects that the company will post earnings of $0.00 per share for the year, down from their prior forecast of $0.02. Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for Reed's' current full-year earnings is ($1.22) per share.

Separately, Wall Street Zen began coverage on Reed's in a report on Monday, May 19th. They set a "sell" rating for the company.

Reed's Stock Up 0.9%

Shares of REED traded up $0.01 during trading hours on Tuesday, reaching $1.16. The company's stock had a trading volume of 1,546 shares, compared to its average volume of 7,968. The company has a 50 day moving average of $1.48 and a two-hundred day moving average of $1.17. The firm has a market cap of $52.63 million, a price-to-earnings ratio of -0.29 and a beta of 0.49. Reed's has a 1-year low of $0.51 and a 1-year high of $1.93.

Reed's (OTCMKTS:REED - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The firm had revenue of $10.03 million during the quarter, compared to the consensus estimate of $9.85 million.

Reed's Company Profile

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.