22nd Century Group Inc reports results for the quarter ended in March - Earnings Summary

• 22nd Century Group Inc XXXII reported a quarterly adjusted loss of $2.94​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $-19.20. The lone analyst forecast for the quarter was for a loss of $5.31 per share.

• Revenue fell 70.5% to $6.47 million from a year ago; analysts expected $7.86 million.

• 22nd Century Group Inc's reported EPS for the quarter was a loss of $2.94​.

• The company reported a quarterly loss of $9.33 million.

• 22nd Century Group Inc shares had fallen by 19.3% this quarter and lost 48.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 38.2% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the tobacco peer group is also "hold"

This summary was machine generated from LSEG data May 15 at 01:26 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)