Boston Beer Co: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Boston Beer Co (NYSE:SAM) reported Q4 earnings with an EPS of $-1.49, missing estimates by -645.0% and a revenue decrease of $53.80 million from the previous year. This follows a pattern of past earnings where the company's performance has varied, including a significant share price drop after last quarter's earnings beat.
February 27, 2024 | 9:20 pm
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Boston Beer Co reported a significant miss in Q4 earnings with an EPS of $-1.49, far below the estimated $-0.2, and a year-over-year revenue decrease.
The substantial miss in both earnings and revenue compared to estimates and the previous year's figures are likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows a 12.0% drop in share price following last quarter's earnings beat, indicating high sensitivity to earnings reports.
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