BOSTON BEER (SAM)
EARNINGS RELEASE - JULY 23 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.42/share REV: 429.58/M
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LAST QTR: EPS: 1.82/share ACTUAL: 1.60 /share (MISS)
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NEXT QTR: EPS: 4.19/share REV: 481.86/M
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FULL YR: EPS: 8.92/Share REV: 1,590/M
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BEAT/MISS RECORD: 56% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.40, -9.32, -4.68
EXPECTED JUMP MOVE THIS QUARTER: 8-10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
SAM earnings call for the period ending March 27, 2021.
Boston Beer’s earnings were driven by the Truly Hard Seltzer and Twisted Tea brands rather than Samuel Adams and Dogfish Head.
Boston Beer (SAM) delivered earnings and revenue surprises of 91.63% and 16.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Boston Beer Co. shares headed toward fresh record highs Thursday afternoon, following an earnings report that showed buzzy hard seltzers are lifting the company’s spirits.
The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2021 net revenue of $545.1 million, an increase of $214.5 million or 64.9% from the same period last year, mainly due to an increase in shipments of 60.1%. Net income for the first quarter was $65.6 million, an increase of $47.3 million or 259.6% from the same period last year. Earnings per diluted share were $5.26, an increase of $3.77 per diluted share, or 253.0% from the first quarter of 2020. This increase was primarily due to increased net revenue, partially offset by increases in operating expenses. In the first quarter of 2020, the Company recorded pre-tax COVID-19 related reductions in net revenue and increases in costs that totaled $10.0 million or $0.60 per diluted share.
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| Avg Daily Volume: 164,567 Market Cap: 7.23B Sector: Consumer Goods Short Interest: 19.48 |
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