* Boston Beer Company Inc 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
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