Eastside Distilling EAST releases its next round of earnings this Thursday, November 12. Here is Benzinga's essential guide to Eastside Distilling's Q3 earnings report.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Eastside Distilling EPS will likely be near $0.2 while revenue will be around $4.04 million, according to analysts. In the same quarter last year, Eastside Distilling posted a loss of $0.38 per share on sales of $4.75 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 47.37% increase in the company's EPS figure. Sales would have fallen 14.89% from the same quarter last year. Here is how the Eastside Distilling's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.25 | -0.28 | -0.26 | -0.24 |
| EPS Actual | -0.22 | -0.34 | -0.48 | -0.38 |
| Revenue Estimate | 4.11 M | 3.59 M | 3.71 M | 4.57 M |
| Revenue Actual | 4.29 M | 3.75 M | 4.34 M | 4.75 M |
Stock Performance
Over the past 52-week period, shares of Eastside Distilling have declined 51.82%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Eastside Distilling is scheduled to hold the call at 17:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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