Edible Garden (NASDAQ:EDBL) Releases Quarterly Earnings Results, Misses Estimates By $9.98 EPS

Edible Garden (NASDAQ:EDBL) posted its earnings results on Monday. The company reported ($10.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($9.98), Zacks reports. Edible Garden had a negative return on equity of 52,263.51% and a negative net margin of 78.61%. The business had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.13 million.

Edible Garden Trading Down 29.4 %

Shares of EDBL traded down $1.02 during mid-day trading on Monday, hitting $2.45. 86,780 shares of the company’s stock traded hands, compared to its average volume of 248,362. The business’s 50-day moving average price is $4.38 and its 200-day moving average price is $6.16. Edible Garden has a 1 year low of $1.81 and a 1 year high of $311.75. The firm has a market capitalization of $2.98 million, a P/E ratio of -0.09 and a beta of 1.45. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23.

Edible Garden Company Profile

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.