Zevia Q1 2024 GAAP EPS $(0.10), Inline, Sales $38.799M Miss $39.428M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zevia (NYSE:ZVIA) reported Q1 2024 GAAP EPS of $(0.10), meeting analyst estimates but marking a 150% decrease from the previous year. Sales were $38.799M, missing estimates by 1.60% and showing a 10.39% decrease from the previous year.
May 08, 2024 | 11:03 am
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Zevia reported Q1 2024 earnings with EPS of $(0.10), in line with estimates but down 150% YOY. Sales were $38.799M, missing estimates and down 10.39% YOY.
The reported earnings and sales miss, especially the significant decrease in EPS year-over-year, are likely to negatively impact investor sentiment towards ZVIA in the short term. The alignment with EPS estimates may provide some stability, but the sales miss and the significant decrease in performance compared to the previous year could outweigh this, leading to potential downward pressure on the stock price.
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IMPORTANCE 90
RELEVANCE 100