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

Boston Beer

26/04/2024 01:41

* Boston Beer Company Inc  SAM.N  reported quarterly
adjusted
earnings of $1.04​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -73 cents.  The mean expectation of
twelve analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -46 cents
to 64 cents per share.
    * Revenue rose 3.9% to $426.05 million from a year ago;
analysts
expected $413.21 million. 
    * Boston Beer Company Inc's reported EPS for the quarter was
$1.04​.
    * The company reported quarterly net income of $12.6
million.
    * Boston Beer Company Inc shares had fallen by 3.7% this
quarter and lost 15.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 102.1% 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 2 "strong buy" or "buy," 8
"hold" and 5 "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 $319.00 
This summary was machine generated from LSEG data April 26 at
12:41 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
 Mar. 31 2024      -0.01          1.04           Beat
 Dec. 31 2023      -0.25          -1.49          Missed
 Sep. 30 2023      4.08           3.70           Missed
 Jun. 30 2023      3.43           4.72           Beat