* Edible Garden AG Inc reported a quarterly adjusted loss of $1.21 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $-4.80. The lone analyst forecast for the quarter was for a loss of $4.21 per share.
* Revenue rose 1.1% to $4.27 million from a year ago; analysts expected $4.43 million.
* Edible Garden AG Inc's reported EPS for the quarter was a loss of $1.21.
* The company reported a quarterly loss of $1.93 million.
* Edible Garden AG Inc shares had fallen by 8.9% this quarter and lost 88.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 8.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the fishing & farming peer group is also "buy"
Wall Street's median 12-month price target for Edible Garden AG Inc is $12.00 This summary was machine generated from LSEG data August 14 at 01:52 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 -4.21 -1.21 Beat
Mar. 31 2024 -7.60 -13.65 Missed
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