Edible Garden AG Inc reports results for the quarter ended June 30 - Earnings Summary

• Edible Garden AG Inc EDBL.OQ reported a quarterly adjusted loss of $6.58​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-30.25. The lone analyst forecast for the quarter was for a loss of 74 cents per share.

• Revenue fell 26.3% to $3.15 million from a year ago; analysts expected $4.48 million.

• Edible Garden AG Inc's reported EPS for the quarter was a loss of $6.58​.

• The company reported a quarterly loss of $4.04 million.

• Edible Garden AG Inc shares had fallen by 11.6% this quarter and lost 71.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 $8.00, about 70.9% above its last closing price of $2.33

This summary was machine generated from LSEG data August 14 at 07:41 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)