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
It's been a pretty great week for The Boston Beer Company, Inc. (NYSE:SAM) shareholders, with its shares surging 15…
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of…
Shares of Boston Beer Co. soared 14.7% on Friday, after the Samuel Adams parent reported earnings that beat expectations, thanks to sales of Truly hard seltzer and the Twisted Tea brand.
Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.
The stock market stumbled into Friday on a negative note, with early gains giving way to modest losses by the late morning. Market participants continued to watch Washington to see whether lawmakers would be able to reach a consensus on spending more money toward supporting the economy, but there wasn’t progress that was immediately evident. Boston Beer (NYSE: SAM) has been a crowd favorite recently, and its stock pushed above the $1,000-per-share mark for the first time ever after another strong quarterly report.
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| Avg Daily Volume: 164,567 Market Cap: 7.23B Sector: Consumer Goods Short Interest: 19.48 |
Ticker delayed 20 minutes
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