Beverage company Zevia (NYSE:ZVIA) will be announcing earnings results this Wednesday after the bell. Here’s what you need to know.
Zevia missed analysts’ revenue expectations last quarter, reporting revenues of $37.87 million, down 4% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ revenue estimates.
Is Zevia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Zevia’s revenue to grow 8.1% year on year, a reversal from the 2% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zevia has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Zevia’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Vita Coco delivered year-on-year revenue growth of 37.3%, beating analysts’ expectations by 20.5%, and Molson Coors reported revenues up 2%, topping estimates by 0.7%. Vita Coco traded up 27.8% following the results while Molson Coors’s stock price was unchanged.
Read our full analysis of Vita Coco’s results here and Molson Coors’s results here.
Investors in the beverages, alcohol, and tobacco segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Zevia is up 8.1% during the same time and is heading into earnings with an average analyst price target of $4.18 (compared to the current share price of $1.30).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.