Zevia Q2 2024 GAAP EPS $(0.10) Misses $(0.08) Estimate, Sales $40.426M Beat $38.939M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zevia (NYSE:ZVIA) reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.08) estimate, but sales of $40.426M beat the $38.939M estimate. EPS decreased by 25% year-over-year, while sales decreased by 4.30% year-over-year.
August 07, 2024 | 11:08 am
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Zevia reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.08) estimate by 25%. Sales of $40.426M beat the $38.939M estimate by 3.82%. EPS decreased by 25% year-over-year, while sales decreased by 4.30% year-over-year.
The miss on EPS by 25% is a significant negative indicator, likely to impact the stock price negatively in the short term. Although sales beat estimates, the year-over-year decline in both EPS and sales adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100