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Boston Beer Company Third Quarter 2024 Earnings: EPS Misses Expectations
Boston Beer Company (NYSE:SAM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$605.5m (flat on 3Q 2023).
- Net income: US$33.4m (down 26% from 3Q 2023).
- Profit margin: 5.5% (down from 7.5% in 3Q 2023).
- EPS: US$2.87 (down from US$3.70 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Boston Beer Company EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Beverage industry in the US.
Performance of the American Beverage industry.
The company's shares are up 3.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Boston Beer Company that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:SAM
Boston Beer Company
Produces and sells alcohol beverages primarily in the United States.
Flawless balance sheet and slightly overvalued.