Boston Beer Company Inc reports results for the quarter ended March 31 - Earnings Summary

• Boston Beer Company Inc SAM.N reported quarterly adjusted earnings of $2.16​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of twelve analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from -3 cents to $1.39 per share.

• Revenue rose 6.5% to $453.87 million from a year ago; analysts expected $434.38 million.

• Boston Beer Company Inc's reported EPS for the quarter was $2.16​.

• The company reported quarterly net income of $24.41 million.

• Boston Beer Company Inc shares had risen by 2.8% this quarter and lost 18.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 56.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 12 "hold" and 2 "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 $270.00

This summary was machine generated from LSEG data April 24 at 09:45 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)