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
» You can beat stock market indexes — this fund manager has, and this is how she and her team did it
Five key lessons on outperformance from Prabha Ram at the American Century Focused Dynamic Growth Fund.
Investors were warned Boston Beer (NYSE: SAM) was the stock that had the most to lose if the hard seltzer market had peaked. Boston Beer thought it was just the result of running into an “S-curve” of comparables, since last year there was a large stock up in seltzer due to the lockdowns brought on by the pandemic.
Consumer demand for seltzer has fallen off the table, and these brewers have invested a lot in the space.
The earnings season saga continues, and it isn’t always pretty. The Boston Beer Company, Inc. (SAM) reported missed consensus expectations last Friday, to the dismay of investors. Missing on earnings is one thing, but cutting guidance is another. The company downgraded its future outlook, and shares tumbled more than 26% on the news. (See Boston Beer Company stock charts on TipRanks) Elaborating on the event is William Kirk of MKM Partners, who wrote that the guidance for the company was way dow
Shares of Boston Beer Co. Inc. suffered a record plunge to a one-year low Friday, as an avalanche of analysts slashed their price targets following the alcoholic beverages company’s biggest earnings miss in years.
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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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