EDBL Earnings

EDBL reported its FY2024Q2 earnings on 2024-08-14, showcasing a revenue of 4.27M against an estimate of 4.43M, resulting in a -3.7% surprise. The EPS was -1, surpassing the expected 0 by 0%. The stock experienced a 10.64% price change on the earnings day and a -1.28% change over the next five days, reflecting market reactions to the results.

Following EDBL's FY2024Q2 earnings announcement on 2024-08-14, the stock price moved by 10.64% on the day of the release. Over the subsequent five days, it saw a -1.28% change. Historically, EDBL's stock price tends to shift by an average of -0.42% in the 10 days leading up to earnings and -33.99% in the 10 days following, providing insight into potential market.

For 2025/Q3, analysts estimate EDBL's annual revenue to reach 3.88M, while the EPS is projected at -0.51. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between EDBL's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, EDBL's stock price typically moves by -0.42% in the 10 days before its earnings and -33.99% in the 10 days after. For the upcoming 2025/Q3 earnings, analysts expect an EPS of -0.51 and revenue of 3.88M.

The earnings call reveals several concerns: high dependency on retail relationships, elevated costs for expansion, and declining financial metrics, including a gross profit loss and increased SG&A expenses. While there are positive elements such as the USDA Organic herb program and potential growth in CPG products, the lack of specific guidance on CapEx and the need for margin recovery by 2026 raise uncertainties. The Q&A section highlighted management's reluctance to provide detailed financial clarity, further contributing to a negative sentiment.