Boston Beer Reports Third Quarter Financial Results
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Boston Beer Company (SAM) PT Lowered to $450 at Goldman Sachs
October 22, 2021 6:58 AM EDTGoldman Sachs analyst Bonnie Herzog lowered the price target on Boston Beer Company (NYSE: SAM) to $450.00 (from $590.00) while maintaining a Neutral rating following big miss.
lower FY21/FY22 EPS estimates by -76%/-24%... MorePainful 'Return to Earth': Boston Beer (SAM) Stock Slips on a Big Q3 EPS Miss, Analysts See More NT Challenges but LT Thesis Intact
October 22, 2021 6:35 AM EDTShares of Boston Beer (NYSE: SAM) are down over 3% in pre-open Friday after the company delivered mixed Q3 results.
Boston Beer reported Q3 EPS of ($4.76), much lower than the $4.01 expected from surveyed analysts. Revenue for the quarter came in at $561.6 million versus the consensus estimate of $531.45 million.
"The unexpected rapid slowdown of hard seltzer category growth this summer significantly impacted our business. While Truly has continued to grow, gain share and solidify its long-term position, the slower category performance has reduced our full-year growth expectations for Truly to be between 20-25%... More
Boston Beer Co. (SAM) Misses Q3 EPS
October 21, 2021 4:18 PM EDT(Updated - October 21, 2021 4:24 PM EDT)
Boston Beer Co. (NYSE: SAM) reported Q3 EPS of ($4.76), may not compare to analysts estimate of $4.01. Revenue for the quarter came in at $561.6 million versus the consensus estimate of $531.45 million.
For earnings history and earnings-related data on Boston Beer Co. (SAM) click here.
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