Zevia PBC (NYSE:ZVIA – Get Rating) will issue its quarterly earnings data before the market opens on Thursday, August 11th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Zevia PBC has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.
Zevia PBC (NYSE:ZVIA – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.17). Zevia PBC had a negative return on equity of 211.71% and a negative net margin of 39.61%. The business had revenue of $38.03 million for the quarter, compared to analyst estimates of $37.17 million. On average, analysts expect Zevia PBC to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Zevia PBC Stock Performance
Shares of ZVIA stock opened at $3.68 on Thursday. Zevia PBC has a 1 year low of $1.86 and a 1 year high of $17.50. The stock has a fifty day moving average of $2.96 and a two-hundred day moving average of $4.60. The firm has a market capitalization of $247.33 million and a PE ratio of -1.88.
Institutional Investors Weigh In On Zevia PBC
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Zevia PBC by 1.3% during the first quarter. Vanguard Group Inc. now owns 533,976 shares of the company’s stock valued at $2,441,000 after buying an additional 7,077 shares during the period. BlackRock Inc. raised its position in Zevia PBC by 3.6% during the first quarter. BlackRock Inc. now owns 499,708 shares of the company’s stock valued at $2,284,000 after buying an additional 17,394 shares during the period. Renaissance Technologies LLC raised its position in Zevia PBC by 92.8% during the first quarter. Renaissance Technologies LLC now owns 158,297 shares of the company’s stock valued at $723,000 after buying an additional 76,174 shares during the period. State Street Corp raised its position in Zevia PBC by 3.5% during the first quarter. State Street Corp now owns 151,222 shares of the company’s stock valued at $691,000 after buying an additional 5,089 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Zevia PBC by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 31,328 shares of the company’s stock valued at $144,000 after buying an additional 5,929 shares during the period. 48.25% of the stock is owned by institutional investors and hedge funds.
Zevia PBC Company Profile
Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels.
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