Earnings To Watch: Boston Beer (SAM) Reports Q4 Results Tomorrow
Beer company Boston Beer (NYSE:SAM) will be reporting earnings tomorrow after market hours. Here's what to expect.
Last quarter Boston Beer reported revenues of $601.6 million, flat year on year, beating analyst revenue expectations by 1.2%. It was a weak quarter for the company, with EPS missing analysts' expectations.
Is Boston Beer buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Boston Beer's revenue to decline 7.6% year on year to $413.5 million, a further deceleration on the 28.6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.28 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Boston Beer's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Keurig Dr Pepper delivered top-line growth of 1.7% year on year, missing analyst estimates by 1% and Coca-Cola reported revenues up 7.4% year on year, exceeding estimates by 2.8%. Keurig Dr Pepper traded down 4.6% on the results, Coca-Cola was down 0.7%.
Read our full analysis of Keurig Dr Pepper's results here and Coca-Cola's results here.
Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. Boston Beer is down 2.1% during the same time, and is heading into the earnings with analyst price target of $353.1, compared to share price of $354.4.
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