Boston Beer Company Inc reports results for the quarter ended in December - Earnings Summary

Boston Beer

28/02/2024 06:00

* Boston Beer Company Inc  SAM.N  reported a quarterly
adjusted
loss of $1.49​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -93 cents.  The mean expectation of eleven analysts for
the quarter was for a loss of 25 cents per share. Wall Street
expected results to range from -66 cents to 61 cents per share.
    * Revenue fell 12% to $393.72 million from a year ago;
analysts
expected $413.78 million. 
    * Boston Beer Company Inc's reported EPS for the quarter was
a
loss of $1.49​.
    * The company reported a quarterly loss of $18.12 million.
    * Boston Beer Company Inc shares had risen by 7.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 32.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the brewers peer
group
is also "hold"

Wall Street's median 12-month price target for Boston Beer
Company Inc is $340.00 
This summary was machine generated from LSEG data February 28 at
06:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.25          -1.49          Missed
 Sep. 30 2023      4.08           3.70           Missed
 Jun. 30 2023      3.43           4.72           Beat
 Mar. 31 2023      -0.31          -0.73          Missed