Boston Beer Q3 EPS $3.70 Vs $2.21 Prior Year, Sales $601.60M Beat $593.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Beer Co (NYSE:SAM) reported Q3 earnings of $3.70 per share, a 3.14% decrease from the same period last year. However, the company's quarterly sales of $601.60 million beat the analyst consensus estimate of $593.67 million by 1.34%, marking a 0.86% increase from last year.
October 26, 2023 | 8:29 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Boston Beer Co's Q3 earnings per share decreased, but sales beat estimates. This mixed result could lead to uncertain market reactions.
While Boston Beer Co's earnings per share decreased, the company beat sales estimates. This mixed result could lead to a neutral or mixed market reaction in the short term, as investors weigh the lower earnings against the higher sales.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100