Zevia PBC (ZVIA) Scheduled to Post Quarterly Earnings on Wednesday

Zevia PBC (NYSE:ZVIA) is scheduled to release its earnings data 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.Investors interested in registering for the company’s conference call can do so using this link.

Zevia PBC (NYSE:ZVIA) last announced 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. The firm had revenue of $40.43 million for the quarter, compared to the consensus estimate of $39.59 million. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. During the same period in the prior year, the company posted ($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 NYSE:ZVIA opened at $1.09 on Tuesday. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $2.42. The stock has a market capitalization of $79.25 million, a price-to-earnings ratio of -2.18 and a beta of 0.64. The company’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $0.95.

Insider Activity at Zevia PBC

In other news, major shareholder White Pine Llc sold 26,510 shares of the company’s 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 completion of the transaction, the insider now directly owns 1,577,628 shares in the company, valued at approximately $1,861,601.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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