The Boston Beer Company (SAM) is expected to see a positive trend post-market. Here's the analysis to support this forecast:
- Earnings Report Anticipation: SAM's stock is likely to be influenced positively by the upcoming earnings report scheduled for July 25, 2024. The company is anticipated to have registered bottom-line growth from the year-ago quarter's reported figures, with a Zacks Consensus Estimate for earnings of $4.96 per share1.
- Volume and Pricing Trends: The company has been experiencing improved volumes and favorable pricing, which aided its first-quarter 2024 revenues. This trend is expected to continue, driven by the continued momentum in the Twisted Tea brand and efforts to maintain the relevance of its core brands1.
- Financial Projections: The projected annual revenue for SAM is expected to increase by 4.15%, and the projected annual non-GAAP EPS is expected to be $11.732. These financial projections indicate a positive outlook for the company.
- Analyst Sentiments: The consensus rating for SAM is a "Strong Buy" as of October 23, 20243. This positive rating suggests that analysts are optimistic about the stock's future performance.
- Stock Performance Indicators: The 1-week percentage change is 4.87%, and the 1-month percentage change is 9.81%4. These recent performance indicators show that the stock has been trending positively.
- Price Forecast: The forecast price for SAM in the next twenty trading days is expected to be between $290.15 and $335.625, indicating a potential for the stock to appreciate in value.
In conclusion, the anticipation of strong earnings and revenue growth, along with positive analyst sentiment and recent positive stock performance indicators, suggest that SAM's stock is likely to see a positive trend post-market.