Zacks Investment Research Equities Analysts Increase Earnings Estimates for Eastside Distilling Inc (EAST)

Eastside Distilling Inc (NASDAQ:EAST) – Equities researchers at Zacks Investment Research upped their Q1 2018 earnings estimates for shares of Eastside Distilling in a report issued on Wednesday, March 14th, according to Zacks Investment Research. Zacks Investment Research analyst I. Gilson now anticipates that the company will post earnings per share of ($0.16) for the quarter, up from their previous estimate of ($0.17). Zacks Investment Research also issued estimates for Eastside Distilling’s Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.57) EPS and FY2019 earnings at ($0.16) EPS.

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Separately, ValuEngine raised Eastside Distilling from a “sell” rating to a “hold” rating in a report on Monday, April 2nd.

NASDAQ EAST traded down $0.35 during trading on Monday, reaching $6.60. 30,686 shares of the company’s stock were exchanged, compared to its average volume of 30,250. Eastside Distilling has a 1 year low of $3.35 and a 1 year high of $7.75.

Eastside Distilling (NASDAQ:EAST) last announced its quarterly earnings results on Monday, April 2nd. The company reported ($0.34) earnings per share (EPS) for the quarter. The business had revenue of $1.18 million for the quarter, compared to analysts’ expectations of $0.90 million. Eastside Distilling had a negative return on equity of 136.18% and a negative net margin of 159.98%.

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Eastside Distilling Company Profile

Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.

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Earnings History and Estimates for Eastside Distilling (NASDAQ:EAST)

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