Boston Beer Company Inc expected to post earnings of $5.02 a share - Earnings Preview

Boston Beer

23/07/2024 22:16

* Boston Beer Company Inc  SAM.N   SAM  is expected to show
a fall
in quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
1.0% decrease in revenue to $597.333 million from $603.3 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
earnings of $5.02 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 3 "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 $323.00​, above​ its last closing price
of $273.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.00        -0.01      1.04      Beat    12,137
 Dec. 31 2024  -0.61       -0.25      -1.49     Missed  -486
 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.        -0.31       -0.31      -0.73     Missed  -138.6
 31 2023                                                
 Dec. 31 2022  0.58        0.70       -0.93     Missed  -233.1
                                                        ​
 Sep. 30 2022  3.13        3.07       2.21      Missed  -27.9
 Jan. 1 0001   4.29        4.43       4.31      Missed  -2.8
 This summary was machine generated July 23 at 21:16 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)