Boston Beer (SAM) Jump 10% as Truly Powers Results, Has Wall Street Cheering

Pre-Open Stock Movers 10/23: (SAVA) (SLDB) (SAM) Higher; (LLNW) (USX) (INTC) Lower (more...)

October 23, 2020 9:27 AM EDT

Today's Pre-Open Stock Movers:

Limelight Networks (NASDAQ: LLNW) 21.5% LOWER; reported Q3 EPS of ($0.01), $0.03 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $59.2 million versus the consensus estimate of $58.94 million. Limelight Networks sees FY2020 EPS of ($0.02)-$0.08, versus the consensus of $0.08. Limelight Networks sees FY2020 revenue of $230-240 million, versus the consensus of $236.59 million.

yberoptics Corp (NASDAQ:... More

Boston Beer Company (SAM) PT Raised to $1,080 at UBS

October 23, 2020 7:58 AM EDT

UBS raised its price target on Boston Beer Company (NYSE: SAM) to $1,080.00 (from $1,000.00) while maintaining a Buy rating.... More

Boston Beer Company (SAM) PT Raised to $1,200 at Goldman Sachs

October 23, 2020 7:26 AM EDT

Goldman Sachs analyst Bonnie Herzog raised the price target on Boston Beer Company (NYSE: SAM) to $1,200.00 (from $1,000.00) while maintaining a Buy rating.... More

Boston Beer Company (SAM) PT Raised to $970 at Credit Suisse

October 23, 2020 7:04 AM EDT

Credit Suisse analyst Kaumil Gajrawala raised the price target on Boston Beer Company (NYSE: SAM) to $970.00 (from $850.00) while maintaining a Neutral rating after the company reported a quarter of impressive A&P leverage, highlighting that Bostons seltzer demand is not subsidized by outsized... More

Boston Beer Company (SAM) PT Raised to $996 at Deutsche Bank

October 23, 2020 7:03 AM EDT

Deutsche Bank analyst Steve Powers raised the price target on Boston Beer Company (NYSE: SAM) to $996.00 (from $835.00) while maintaining a Hold rating.... More

Boston Beer Company (SAM) PT Raised to $1,354 at Guggenheim

October 23, 2020 6:26 AM EDT

Guggenheim analyst Laurent Grandet raised the price target on Boston Beer Company (NYSE: SAM) to $1,354.00 (from $1,142.00) while maintaining a Buy rating.

The analyst commented, "Boston Beer reported 3Q EPS ahead of our above-consensus ests despite softer volume due to supply constraints driven almost entirely... More

Boston Beer Company (SAM) PT Raised to $1,150 at Citi After Initial 2021 Guidance Impresses

October 23, 2020 6:15 AM EDT

Citi analyst Wendy Nicholson raised the price target on Boston Beer Company (NYSE: SAM) to $1,150.00 (from $1,015.00) after the company blew out 3Q20 EPS, reporting $6.51 (+78% YoY),
vs consensus of $4.50. Growth in Depletions and Shipments remained robust up 36% and 30.5% YoY, largely driven by Truly Hard... More

Boston Beer Co. (SAM) Tops Q3 EPS by $2.01

October 22, 2020 4:17 PM EDT

Boston 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