22nd Century Group Inc reports results for the quarter ended June 30 - Earnings Summary

• 22nd Century Group Inc XXII.OQ reported a quarterly adjusted loss of $13.61​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-652.05. The lone analyst forecast for the quarter was for a loss of $6.21 per share.

• Revenue fell 48.6% to $4.08 million from a year ago; analysts expected $5.44 million.

• 22nd Century Group Inc's reported EPS for the quarter was a loss of $13.61​.

• The company reported a quarterly loss of $3.41 million.

• 22nd Century Group Inc shares had fallen by 64.5% this quarter and lost 97.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 52.6% 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 tobacco peer group is also "buy"

• Wall Street's median 12-month price target for 22nd Century Group Inc is $63.25, about 95.8% above its last closing price of $2.67

This summary was machine generated from LSEG data August 14 at 11:01 a.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)