Zevia PBC (ZVIA) Scheduled to Post Earnings on Wednesday

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

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. The business had revenue of $37.79 million during the quarter, compared to the consensus estimate of $37.75 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. 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 Trading Up 2.0 %

ZVIA stock opened at $0.92 on Monday. Zevia PBC has a twelve month low of $0.78 and a twelve month high of $4.80. The firm’s fifty day simple moving average is $1.14 and its two-hundred day simple moving average is $1.62.

Insider Activity

In other news, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the sale, the director now owns 1,717,240 shares in the company, valued at $1,751,584.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the sale, the director now owns 1,717,240 shares in the company, valued at $1,751,584.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Padraic L. Spence sold 26,199 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $1.32, for a total value of $34,582.68. Following the completion of the sale, the director now owns 1,753,540 shares in the company, valued at approximately $2,314,672.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,937 shares of company stock worth $114,160. Corporate insiders own 12.55% of the company’s stock.

Analysts Set New Price Targets

ZVIA has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective on shares of Zevia PBC in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.17.

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.