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Boston Beer Earnings: An Early Look

http://www.fool.com/investing/general/2013/02/16/boston-beer-earnings-an-early-look.aspx

Dan Caplinger
February 16, 2013

Earnings season is in full swing, with huge numbers of companies having already given their latest numbers to investors, and Boston Beer (NYSE: SAM) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

Boston Beer has pioneered the beer industry, opening the gates for craft-beer makers around the world to go up against mass-produced brewing giants. Now that Boston Beer is itself a giant, though, can it keep offering what customers expect from the craft brewer? Let's take an early look at what's been happening with Boston Beer over the past quarter and what we're likely to see in its quarterly report on Wednesday.

Stats on Boston Beer

Analyst EPS Estimate

$1.25

Change From Year-Ago EPS

4.2%

Revenue Estimate

$152 million

Change From Year-Ago Revenue

7.3%

Earnings Beats in Past 4 Quarters

3

Source: Yahoo! Finance.

Will Boston Beer produce intoxicating results this quarter?
Analysts have gotten increasingly optimistic about Boston Beer's earnings prospects over the past few months, as they've boosted their consensus earnings-per-share estimates by $0.12 for the quarter and by nearly $0.40 for full-year 2013. That optimism has also shown up in the share price, which has risen more than 30% just since mid-November.

Back in December, we already got a hint as to how Boston Beer thought the just-finished quarter was going. In a press release, the company said gave po