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

Boston Beer

27/07/2023 23:38

* Boston Beer Company Inc  SAM.N  reported quarterly
adjusted
earnings of $4.72​​ per share for the quarter ended in June. The
mean expectation of ten analysts for the quarter was
for earnings of $3.43 per share.
    * Revenue fell 2.1% to $603.30 million from a year ago;
analysts
expected $592.97 million. 
    * Boston Beer Company Inc's reported EPS for the quarter was
$4.72​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Boston Beer Company Inc shares had risen by 1.9% this
quarter and lost 4.7% so far this year.
    * The company reported quarterly net income of $58.04
million.
    * Wall Street's median 12-month price target for Boston Beer
Company Inc is $315.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and 5 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 10:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      3.43           4.72           Beat
 Mar. 31 2023      -0.31          -0.73          Missed
 Dec. 31 2022      0.70           -0.93          Missed
 Sep. 30 2022      3.07           2.21           Missed