Analysts Anticipate Eastside Distilling Inc (NASDAQ:EAST) to Announce -$0.19 EPS

Analysts expect that Eastside Distilling Inc (NASDAQ:EAST) will announce ($0.19) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eastside Distilling’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.17). Eastside Distilling reported earnings per share of ($0.37) in the same quarter last year, which suggests a positive year-over-year growth rate of 48.6%. The company is scheduled to report its next earnings report on Monday, August 12th.

On average, analysts expect that Eastside Distilling will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.85) to ($0.82). For the next financial year, analysts anticipate that the company will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.46) to ($0.16). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Eastside Distilling.

Eastside Distilling (NASDAQ:EAST) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.14). The company had revenue of $3.50 million during the quarter, compared to the consensus estimate of $3.04 million. Eastside Distilling had a negative return on equity of 78.82% and a negative net margin of 127.06%.

Separately, ValuEngine downgraded Eastside Distilling from a “buy” rating to a “hold” rating in a report on Thursday, February 28th.

Shares of NASDAQ EAST traded down $0.20 during mid-day trading on Monday, hitting $4.35. The company had a trading volume of 34,134 shares, compared to its average volume of 39,602. The firm has a market cap of $41.57 million, a PE ratio of -2.92 and a beta of 0.66. Eastside Distilling has a 12 month low of $3.95 and a 12 month high of $9.25. The company has a current ratio of 4.88, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. The firm’s 50 day simple moving average is $4.81.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Eastside Distilling by 160.3% in the third quarter. Vanguard Group Inc. now owns 69,666 shares of the company’s stock worth $571,000 after purchasing an additional 42,901 shares in the last quarter. Vanguard Group Inc raised its holdings in Eastside Distilling by 160.3% in the third quarter. Vanguard Group Inc now owns 69,666 shares of the company’s stock worth $571,000 after purchasing an additional 42,901 shares in the last quarter. Skylands Capital LLC raised its holdings in Eastside Distilling by 155.3% in the fourth quarter. Skylands Capital LLC now owns 206,739 shares of the company’s stock worth $1,278,000 after purchasing an additional 125,750 shares in the last quarter. BlackRock Inc. raised its holdings in Eastside Distilling by 22.7% in the fourth quarter. BlackRock Inc. now owns 14,262 shares of the company’s stock worth $88,000 after purchasing an additional 2,635 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Eastside Distilling by 33.3% in the fourth quarter. Royce & Associates LP now owns 35,150 shares of the company’s stock worth $217,000 after purchasing an additional 8,780 shares in the last quarter. 27.52% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: The Discount Rate – What You Need to Know

Get a free copy of the Zacks research report on Eastside Distilling (EAST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.