Boston Beer Reports Third Quarter 2017 Results
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Go back to Boston Beer Reports Third Quarter 2017 Results
October 27, 2017 8:00 AM EDT
Jefferies raised its price target on Boston Beer Company (NYSE: SAM) to $160.00 (from $142.00) while maintaining a Hold rating following the company's 3Q. SAM's 3Q beat was low-quality as revenues missed by 4%, offset by lower A&P, with $2.78 in EPS ahead of the Street's... More
October 26, 2017 4:32 PM EDT
Boston Beer Co. (NYSE: SAM) reported Q3 EPS of $2.78, $0.79 better than the analyst estimate of $1.99. Revenue for the quarter came in at $247 million versus the consensus estimate of $256.78 million.
2017 Outlook
The Company currently projects full year 2017 Non-GAAP earnings per diluted share of between $5.60 and $6.20. This Non-GAAP projection excludes the impact of ASU 2016-09. The... More
