Zevia Q4 2023 GAAP EPS $(0.14), Inline, Sales $37.79M Beat $37.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zevia (NYSE:ZVIA) reported Q4 2023 earnings with a GAAP EPS of $(0.14), meeting analyst consensus estimates. Quarterly sales reached $37.79M, surpassing the $37.35M estimate by 1.18% and marking a 6.87% increase from the previous year.
February 27, 2024 | 12:01 pm
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Zevia reported Q4 2023 earnings with a GAAP EPS of $(0.14), in line with estimates, and sales of $37.79M, exceeding expectations by 1.18% and showing a 6.87% year-over-year growth.
Meeting EPS estimates typically stabilizes investor confidence, while exceeding sales forecasts and showing year-over-year growth are positive indicators for the company's financial health and future prospects. This combination is likely to have a positive short-term impact on ZVIA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100