Zevia Q2 EPS $(0.08) Beats $(0.14) Estimate, Sales $42.24M Miss $44.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zevia (NYSE:ZVIA) reported Q2 losses of $(0.08) per share, beating the analyst consensus estimate of $(0.14) by 42.86%. However, the company's quarterly sales of $42.24 million missed the analyst consensus estimate of $44.58 million by 5.25%. This represents a 7.25% decrease in sales compared to the same period last year.
August 08, 2023 | 11:12 am
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NEGATIVE IMPACT
Zevia's Q2 earnings beat estimates but sales missed, indicating mixed performance. The decrease in sales YoY could negatively impact investor sentiment.
Zevia's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and decreased compared to the same period last year. This mixed performance could lead to uncertainty among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100