Zevia Q4 Revenue Forecast at 1.9% Growth After Q3 Hit $40.84M
Zevia reported Q3 revenues of $40.84 million, a 12.3% year-on-year increase, and offered EBITDA guidance above analysts’ forecasts. For Q4, the beverage maker’s revenue growth is projected at 1.9% and its shares have fallen 23.9% over the last month against a $4.98 average price target.
1. Q3 Performance
Zevia posted Q3 revenues of $40.84 million, up 12.3% year-on-year, beating analysts’ expectations and providing EBITDA guidance above forecasts.
2. Q4 Revenue Outlook
The company is expected to report Q4 revenue growth of 1.9% year-on-year, a deceleration from the 4.4% increase recorded in the same quarter last year, with analysts maintaining estimates over the past 30 days.
3. Peer Benchmarking
Within the beverages segment, Vita Coco delivered flat year-on-year revenue with a 6.2% beat and saw its stock fall 8.4%, while Philip Morris achieved 6.8% revenue growth in line with consensus and traded sideways.
4. Share Performance and Targets
Zevia’s stock has declined 23.9% over the past month and carries an average analyst price target of $4.98 compared to its current trading level.