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Zevia Pbc Cl A Up 0.62% To $1.62 After Earnings Meet

Tuesday, February 27, 2024 10:42 AM | InvestorsObserver Analysts

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Zevia Pbc Cl A Up 0.62% To $1.62 After Earnings Meet

Zevia Pbc (ZVIA) missed earnings projections on 2/27/2024 for Q4 2023.

Zevia Pbc Cl A's earnings came in at an EPS loss of $0.14 per share, in line with estimates for an EPS loss of $0.14 per share. The firm's loss per share expanded by 40% since reporting a loss of $0.1 per share a year ago.

Revenues were upbeat at $37.8 million. That is an increase of 6.87% in revenues from the year-ago report and is 1.19% higher than consensus estimates set at $37.4 million.

The stock is up 0.62% to $1.62 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Zevia Pbc Cl A has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 14, putting Zevia Pbc Cl A in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.38 on February 22, 2024 and set a 52-week high on June 12, 2023 at $4.8.

Zevia PBC is a beverage company disrupting the liquid refreshment beverage industry through refreshing, zero-calorie, zero sugar, naturally sweetened beverages that are all Non-GMO Project Verified. It offers a platform of products that include a variety of flavors across Soda, Energy Drinks, Organic Tea, Mixers, Kidz drinks, and Sparkling Water. Its products are distributed across the U.S. and Canada through a network of major retailers in the food, drug, mass, natural, and e-commerce channels.

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