Eastside Distilling Inc (EAST) Expected to Announce Quarterly Sales of $2.00 Million
Equities research analysts predict that Eastside Distilling Inc (NASDAQ:EAST) will announce sales of $2.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eastside Distilling’s earnings. The lowest sales estimate is $1.83 million and the highest is $2.16 million. Eastside Distilling posted sales of $1.18 million during the same quarter last year, which suggests a positive year-over-year growth rate of 69.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, March 28th.
On average, analysts expect that Eastside Distilling will report full-year sales of $6.23 million for the current fiscal year, with estimates ranging from $6.06 million to $6.40 million. For the next financial year, analysts forecast that the business will post sales of $15.00 million, with estimates ranging from $12.72 million to $17.28 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Eastside Distilling.
Separately, ValuEngine cut Eastside Distilling from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th.
Shares of NASDAQ EAST traded down $0.08 during trading on Wednesday, reaching $5.86. 35,635 shares of the company traded hands, compared to its average volume of 40,074. The firm has a market capitalization of $43.44 million, a P/E ratio of -4.13 and a beta of 0.30. Eastside Distilling has a 12-month low of $5.50 and a 12-month high of $9.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.65 and a current ratio of 9.78.
About Eastside Distilling
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.
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