The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Boston Beer's revenues will grow 18.9% and EPS will grow 26.4%.
The average estimate for revenue is $175.4 million. On the bottom line, the average EPS estimate is $1.34.
Last quarter, Boston Beer logged revenue of $135.9 million. GAAP reported sales were 20% higher than the prior-year quarter's $113.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.51. GAAP EPS of $0.51 for Q1 were 8.9% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 49.9%, 470 basis points worse than the prior-year quarter. Operating margin was 7.1%, 340 basis points worse than the prior-year quarter. Net margin was 5.1%, 150 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $671.2 million. The average EPS estimate is $4.98.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boston Beer is underperform, with an average price target of $139.00.
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