Equities Analysts Offer Predictions for Eastside Distilling, Inc.’s FY2017 Earnings (ESDI)
Eastside Distilling, Inc. (NASDAQ:ESDI) – Research analysts at Zacks Investment Research cut their FY2017 earnings estimates for shares of Eastside Distilling in a note issued to investors on Tuesday. Zacks Investment Research analyst I. Gilson now expects that the company will earn ($1.27) per share for the year, down from their prior estimate of ($0.99). Zacks Investment Research also issued estimates for Eastside Distilling’s Q4 2017 earnings at ($0.23) EPS, Q1 2018 earnings at ($0.26) EPS, Q2 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.24) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.88) EPS and FY2019 earnings at ($0.51) EPS.
Other equities research analysts also recently issued reports about the stock. Roth Capital began coverage on shares of Eastside Distilling in a research report on Friday, September 15th. They set a “buy” rating and a $7.00 price objective for the company. ValuEngine upgraded shares of Eastside Distilling from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
Shares of Eastside Distilling (NASDAQ:ESDI) opened at $5.69 on Friday. Eastside Distilling has a 1 year low of $3.35 and a 1 year high of $12.00.
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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