Telsey Advisory Group Forecasts Zevia PBC FY2024 Earnings

Zevia PBC (NYSE:ZVIA) – Analysts at Telsey Advisory Group increased their FY2024 EPS estimates for shares of Zevia PBC in a research note issued on Thursday, November 7th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn ($0.27) per share for the year, up from their prior estimate of ($0.32). Telsey Advisory Group currently has a “Market Perform” rating and a $2.00 target price on the stock. The consensus estimate for Zevia PBC’s current full-year earnings is ($0.29) per share. Telsey Advisory Group also issued estimates for Zevia PBC’s Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.14) EPS.

Zevia PBC Stock Up 8.9 %

Shares of ZVIA stock opened at $2.09 on Monday. The company has a market capitalization of $151.97 million, a P/E ratio of -5.73 and a beta of 0.64. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $2.48. The firm has a 50-day moving average price of $1.12 and a 200 day moving average price of $0.97.

Zevia PBC (NYSE:ZVIA) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $38.53 million. During the same quarter last year, the company earned ($0.16) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ZVIA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zevia PBC in the second quarter worth about $26,000. Renaissance Technologies LLC grew its holdings in Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after acquiring an additional 39,000 shares during the period. Finally, Nwam LLC acquired a new position in shares of Zevia PBC in the 3rd quarter valued at $39,000. 53.21% of the stock is currently owned by institutional investors.

Insider Transactions at Zevia PBC

In other news, major shareholder White Pine Llc sold 26,510 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total value of $31,281.80. Following the completion of the sale, the insider now directly owns 1,577,628 shares in the company, valued at approximately $1,861,601.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 12.55% of the stock is owned by company insiders.

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.