Beverage company Zevia (NYSE: ZVIA) will be reporting results this Wednesday after market close. Here’s what investors should know.

Zevia beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $38.02 million, down 2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Zevia a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Zevia’s revenue to grow 3.3% year on year to $41.75 million, a reversal from the 4.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zevia has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Zevia’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and MGP Ingredients reported a revenue decline of 23.7%, topping estimates by 3.7%. Boston Beer traded up 6.5% following the results while MGP Ingredients was down 4.9%.

Read our full analysis of Boston Beer’s results here and MGP Ingredients’s results here.

Investors in the beverages, alcohol, and tobacco segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Zevia is up 3.8% during the same time and is heading into earnings with an average analyst price target of $4.46 (compared to the current share price of $3.28).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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