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
Check Earnings Report
US:NASDAQ Investor Relations:
reedsinc.com/investors
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
REED
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
REED alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
REED alerts
High impacting REEDS INC news events
Weekly update
A roundup of the hottest topics
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 to Participate at the Sidoti Conference on December 4 [Yahoo! Finance]Yahoo! Finance
- Reed’s to Participate at the Sidoti Conference on December 4GlobeNewswire
- Reed's Reports Third Quarter 2024 Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Reed’s Reports Third Quarter 2024 Results and Provides Business UpdateGlobeNewswire
REED
Earnings
- 11/14/24 - Miss
REED
Sec Filings
- 11/21/24 - Form SC
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- REED's page on the SEC website