Zevia PBC (ZVIA) Q1 earnings reported better-than-expected EPS ($0.09) and revenue ($40.43M).
Zevia PBC (ZVIA) reported Q1 earnings with better-than-expected EPS of ($0.09), surpassing the consensus estimate of ($0.13) by $0.04. Revenue of $40.43M was higher than expected, though the company had a negative net margin of 15.58% and negative return on equity of 37.98%. Stock price increased to $0.87, and Goldman Sachs, Telsey Advisory Group, and Wells Fargo & Co. revised their price objectives to $1.00, $2.00, and $1.25, respectively, with neutral, market perform, and equal weight ratings.
August 10, 2024
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