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

Boston Beer

25/07/2024 23:45

* Boston Beer Company Inc  SAM.N  reported quarterly
adjusted
earnings of $4.39​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $4.72.  The mean expectation of twelve analysts for the
quarter was for earnings of $5.02 per share. Wall Street
expected results to range from $4.60  to $5.71 per share.
    * Revenue fell 4% to $579.10 million from a year ago;
analysts
expected $597.33 million. 
    * Boston Beer Company Inc's reported EPS for the quarter was
$4.39​.
    * The company reported quarterly net income of $52.34
million.
    * Boston Beer Company Inc shares had fallen by 10.9% this
quarter and lost 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $323.00 
This summary was machine generated from LSEG data July 25 at
10:45 p.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
 Jun. 30 2024      5.02           4.39           Missed
 Mar. 31 2024      -0.01          1.04           Beat
 Dec. 31 2023      -0.25          -1.49          Missed
 Sep. 30 2023      4.08           3.70           Missed