Beverage company Zevia (NYSE:ZVIA) will be reporting earnings tomorrow before market open. Here's what to expect.
Last quarter Zevia PBC reported revenues of $43.09 million, down 2.6% year on year, beating analyst revenue expectations by 9%. It was a slower quarter for the company, with a miss of analysts' earnings estimates.
Is Zevia PBC buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Zevia PBC's revenue to grow 5.6% year on year to $37.35 million, improving on the 3.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.15 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing two downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Zevia PBC's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Keurig Dr Pepper delivered top-line growth of 1.7% year on year, missing analyst estimates by 1% and Coca-Cola reported revenues up 7.4% year on year, exceeding estimates by 2.8%. Both stocks (Keurig Dr Pepper and Coca-Cola) traded flat on the results.
Read our full analysis of Keurig Dr Pepper's results here and Coca-Cola's results here.
Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Zevia PBC is down 7.6% during the same time, and is heading into the earnings with analyst price target of $3.7, compared to share price of $1.58.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.