Boston Beer Company Inc expected to post a loss of 25 cents a share - Earnings Preview

Boston Beer

24/02/2024 02:45

* Boston Beer Company Inc  SAM.N   SAM  is expected to show
a fall
in quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Boston Massachusetts-based  company is expected to
report a
7.5% decrease in revenue to $413.778 million from $447.53
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Boston Beer Company Inc
is for
a loss of 25 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Boston Beer
Company Inc is $340.00​, below​ its last closing price
of $354.43. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  4.13        4.08       3.70      Missed  -9.3
 Jun. 30 2023  3.45        3.43       4.72      Beat    37.4
 Mar. 31 2023  -0.31       -0.31      -0.73     Missed  -138.6
                                                        ​
 Dec. 31 2022  0.58        0.70       -0.93     Missed  -233.1
 ​​Sep.        3.13        3.07       2.21      Missed  -27.9
 30 2022                                                
 Jun. 30 2022  4.29        4.43       4.31      Missed  -2.8​
 Mar. 31 2022  1.94        1.97       -0.16     Missed  -108.1
 Dec. 31 2021  -4.74       -3.23      -4.22     Missed  -30.8
 This summary was machine generated February 24 at 02:45 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)