Eastside Distilling (EAST) Scheduled to Post Quarterly Earnings on Thursday

Posted by Defense World Staff on Nov 7th, 2024

Eastside Distilling (NASDAQ:EAST – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, November 14th.

Eastside Distilling (NASDAQ:EAST – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.05). The company had revenue of $3.06 million during the quarter, compared to analyst estimates of $2.58 million. Eastside Distilling had a negative net margin of 66.06% and a negative return on equity of 2,066.36%. During the same period in the previous year, the firm posted ($1.96) earnings per share. On average, analysts expect Eastside Distilling to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Eastside Distilling Price Performance

Shares of NASDAQ EAST opened at $0.54 on Thursday. The stock has a market capitalization of $1.00 million, a price-to-earnings ratio of -0.11 and a beta of 1.73. The firm’s 50 day simple moving average is $0.65 and its 200-day simple moving average is $0.87. Eastside Distilling has a 12 month low of $0.44 and a 12 month high of $2.98.

Insider Buying and Selling

In other Eastside Distilling news, major shareholder Michael Bigger sold 1,054,091 shares of Eastside Distilling stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $2.09, for a total value of $2,203,050.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.82% of the stock is currently owned by insiders.

About Eastside Distilling

(Get Free Report)

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.