Zevia PBC (ZVIA) to Release Earnings on Wednesday

Zevia PBC (NYSE:ZVIA) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Zevia PBC has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. The company had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. During the same period last year, the company earned ($0.08) earnings per share. On average, analysts expect Zevia PBC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zevia PBC Price Performance

Shares of ZVIA stock opened at $1.09 on Tuesday. The stock has a market capitalization of $79.25 million, a PE ratio of -2.18 and a beta of 0.64. Zevia PBC has a one year low of $0.62 and a one year high of $2.42. The business’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $0.95.

Insider Transactions at Zevia PBC

In related news, major shareholder White Pine Llc sold 26,510 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $1.18, for a total transaction of $31,281.80. Following the transaction, the insider now directly owns 1,577,628 shares of the company’s stock, valued at $1,861,601.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Zevia PBC in a report on Monday.

About Zevia PBC

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.