Boston Beer (SAM) Tops Q3 Earnings Estimates

Core Insights - Boston Beer (SAM) reported quarterly earnings of $4.25 per share, exceeding the Zacks Consensus Estimate of $3.78 per share, but down from $5.35 per share a year ago, indicating an earnings surprise of +12.43% [1] - The company posted revenues of $537.49 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 0.81% and down from $605.48 million year-over-year [2] - Boston Beer shares have declined approximately 27.1% year-to-date, contrasting with the S&P 500's gain of 13.9% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is -$2.04 on revenues of $385.3 million, while for the current fiscal year, it is $9.42 on revenues of $1.97 billion [7] Industry Context - The Beverages - Alcohol industry, to which Boston Beer belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Boston Beer’s stock performance [5][6] Competitor Insights - Molson Coors Brewing (TAP), another player in the same industry, is expected to report quarterly earnings of $1.75 per share, reflecting a year-over-year decline of -2.8%, with revenues anticipated at $3.06 billion, up 0.5% from the previous year [9][10]