Zevia PBC (ZVIA) to Report Financial Results Tomorrow: Here’s What to Expect

Beverage company Zevia (NYSE:ZVIA) is set to report earnings tomorrow before market hours. Here’s what to watch for.

Zevia PBC missed analysts’ revenue expectations by 1.6% in its latest quarter, posting revenue of $38.8 million, down 10.4% year over year. It was a weak quarter for the company, and its revenue guidance for the next quarter fell short of analysts’ expectations.

Is Zevia PBC worth buying or selling in terms of profits? Read our full analysis here, it’s free.

Analysts are expecting Zevia PBC revenue to decline 7.8% year over year to $38.94 million for the quarter, in line with the 7.2% decline seen in the same quarter last year. Adjusted loss is expected to be -$0.10 per share.

Most analysts covering the company have reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its course toward earnings. Zevia PBC has missed Wall Street revenue estimates twice in the past two years.

Looking at Zevia PBC’s competitors in the Beverage and Spirits segment, some have already reported their second-quarter results, giving us a hint of what to expect. Coca-Cola reported year-over-year revenue growth of 2.9%, beating analysts’ expectations of 4.8%, and Constellation Brands reported revenue growth of 5.8%, in line with consensus estimates. Coca-Cola rose 1.6% following the results, while Constellation Brands’ share price remained unchanged.

Read our full analysis of Coca-Cola’s results here and Constellation Brands’ results here.

Beverage and alcohol investors have been confident entering the earnings, with shares up an average of 1.8% over the past month. Zevia PBC is up 38.2% in the same time frame and is entering the earnings with an average analyst price target of $2.4 (compared to the current share price of $0.85).

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