Boston Beer Expects Strong Profits in 2021
Boston Beer (NYSE: SAM) delivered its third-quarter earnings report Thursday, with results that beat analysts' estimates on earnings, but missed on revenue. It also offered an upbeat outlook for next year.
The alcoholic beverage company's adjusted EPS of $6.51 was 24.2% higher than analysts' consensus expectation of $5.24, according to Zacks Equity Research. By contrast, net revenue fell approximately 5.5% short of the predicted $521.4 million, clocking in at $492.8 million.
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Source Fool.com