Boston Beer Reports Third Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/9/2026
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Brent climbs $1 on uncertainty over end to Iran war
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
- S&P closes at record high as soft jobs report eases rate-hike concerns
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Atlassian results seen as 'game changer' for AI kills software worries
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
- After-Hours Stock Movers: PLTR, SNAP, ON, ICHR, WGS, WHR
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
Boston Beer (SAM) Jump 10% as Truly Powers Results, Has Wall Street Cheering
October 23, 2020 9:44 AM EDTShares of The Boston Beer Company (NYSE: SAM) are trading about 10% higher in early action Friday after the company reported its revenue grew over 30% compared to a year ago, driven by its Truly Hard Seltzer. Better-than-expected numbers pushed analysts at Citi and Guggenheim, among others, to raise their price target on SAM.
3Q20 EPS was reported at $6.51, which is 78% higher compared to 2019. This number also easily exceeded the consensus of $4.50. Shipments rose 30.5% YoY while net sales were up 30.2%. Gross margins... More
Boston Beer Co. (SAM) Tops Q3 EPS by $2.01
October 22, 2020 4:17 PM EDTBoston Beer Co. (NYSE: SAM) reported Q3 EPS of $6.51, $2.01 better than the analyst estimate of $4.50. Revenue for the quarter came in at $525.25 million versus the consensus estimate of $520.87 million.
GUIDANCE:
Boston Beer Co. sees FY2020 EPS of $14.00-$15.00, versus the consensus of $12.63.
2020 Outlook
The Company currently projects full year 2020 earnings per diluted share to be between $14.00 and $15.00. This projection excludes the impact of ASU 2016-09. The Company's actual 2020 earnings per share could vary significantly from the current... More