Eastside Distilling (NASDAQ:EAST) will be releasing its earnings data before the market opens on Monday, May 13th. Analysts expect Eastside Distilling to post earnings of ($0.18) per share for the quarter.
Eastside Distilling (NASDAQ:EAST) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). Eastside Distilling had a negative net margin of 147.77% and a negative return on equity of 88.22%. The business had revenue of $1.89 million during the quarter, compared to analysts’ expectations of $2.00 million. On average, analysts expect Eastside Distilling to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of EAST traded up $0.07 during mid-day trading on Thursday, reaching $5.71. The company’s stock had a trading volume of 12,056 shares, compared to its average volume of 34,456. Eastside Distilling has a 12-month low of $5.48 and a 12-month high of $9.25. The company has a market cap of $51.34 million, a P/E ratio of -3.83 and a beta of 0.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.26 and a current ratio of 9.90.
Separately, ValuEngine downgraded Eastside Distilling from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th.
COPYRIGHT VIOLATION NOTICE: “Eastside Distilling (EAST) to Release Earnings on Monday” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/05/09/eastside-distilling-east-to-release-earnings-on-monday.html.
Eastside Distilling Company Profile
Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside West End Blend, Burnside Oregon Oaked Bourbon, and Burnside Goose Hollow RSV Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.
Read More: What is a Buy-Side Analyst?
Receive News & Ratings for Eastside Distilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastside Distilling and related companies with MarketBeat.com's FREE daily email newsletter.