Zevia PBC (ZVIA) to Release Quarterly Earnings on Wednesday

Zevia PBC (NYSE:ZVIA) will post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Zevia PBC to post earnings of ($0.10) per share for the quarter. Zevia PBC has set its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $37.79 million for the quarter, compared to analyst estimates of $37.75 million. Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. During the same quarter in the prior year, the firm earned ($0.10) 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 Stock Up 1.3 %

ZVIA opened at $0.93 on Tuesday. The business’s fifty day simple moving average is $1.14 and its 200 day simple moving average is $1.62. Zevia PBC has a 52 week low of $0.78 and a 52 week high of $4.80.

Insider Buying and Selling

In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of Zevia PBC stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $1.02, for a total transaction of $31,317.06. Following the transaction, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at $978,437.04. The sale was disclosed in a filing with the SEC, which is available at this link. In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total value of $31,317.06. Following the transaction, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at $978,437.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total value of $37,026.00. Following the transaction, the director now directly owns 1,717,240 shares in the company, valued at $1,751,584.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,937 shares of company stock valued at $114,160. 12.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Zevia PBC currently has an average rating of “Hold” and an average target price of $4.17.

Zevia PBC Company Profile

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.