Telsey Advisory Group Forecasts Zevia PBC FY2024 Earnings

Zevia PBC (NYSE:ZVIA) – Equities researchers at Telsey Advisory Group cut their FY2024 earnings per share (EPS) estimates for Zevia PBC in a report released on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of ($0.30) per share for the year, down from their prior forecast of ($0.27). Telsey Advisory Group currently has a “Market Perform” rating and a $4.00 target price on the stock. The consensus estimate for Zevia PBC’s current full-year earnings is ($0.30) per share. Telsey Advisory Group also issued estimates for Zevia PBC’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at ($0.16) EPS and FY2026 earnings at ($0.09) EPS.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. The business had revenue of $36.37 million for the quarter, compared to analysts’ expectations of $38.53 million. During the same period last year, the business earned ($0.16) EPS.

Separately, The Goldman Sachs Group boosted their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday.

Zevia PBC Stock Up 7.8 %

Shares of ZVIA stock opened at $4.41 on Thursday. The firm’s 50-day simple moving average is $3.01 and its two-hundred day simple moving average is $1.70. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $4.78.

Insider Buying and Selling

In other Zevia PBC news, Director Rosemary L. Ripley sold 2,567,006 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1.90, for a total value of $4,877,311.40. Following the sale, the director now owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This represents a 48.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Zevia PBC

A number of hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Zevia PBC in the fourth quarter worth approximately $129,000. Wilmington Savings Fund Society FSB purchased a new position in Zevia PBC during the third quarter valued at $108,000. XTX Topco Ltd bought a new position in shares of Zevia PBC during the 3rd quarter valued at approximately $50,000. Nwam LLC bought a new stake in shares of Zevia PBC during the 3rd quarter valued at $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Zevia PBC during the second quarter valued at about $26,000. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

Zevia PBC Company Profile

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.