Boston Beer Co Sees FY24 GAAP EPS $7.00-$11.00 Vs $9.91 Est.
Portfolio Pulse from Benzinga Newsdesk
Boston Beer Co projects its FY24 GAAP EPS to be in the range of $7.00-$11.00, compared to the estimated $9.91.
April 25, 2024 | 8:21 pm
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Boston Beer Co anticipates its FY24 GAAP EPS to range from $7.00 to $11.00, which shows a variance from the analysts' expectation of $9.91.
The announcement of Boston Beer Co's FY24 GAAP EPS guidance presents a broad range that encompasses the current analyst estimate of $9.91. This wide guidance range indicates uncertainty about future earnings, which could lead to increased volatility in the stock price. However, since the guidance includes the analyst estimate within its range, the immediate impact on the stock price might be neutral, as investors digest the implications of the broader than expected earnings range.
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