Boston Beer Company Trading In New Buy Zone Ahead Of Earnings

Boston Beer Company Trading In New Buy Zone Ahead Of Earnings

Boston Beer Company Trading In New Buy Zone Ahead Of Earnings

To get ready for earnings season, look for stocks in or near a potential buy zone ahead of their next quarterly report. One company that meets that criteria is IBD 50 member Boston Beer Company (SAM). It’s expected to report on Apr. 22.

It’s trading about 2% above a 1,236.67 buy point from a second-stage cup without handle.


Keep in mind that buying close to when a stock reports can be risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can minimize your exposure by waiting to see how the company reports and how the market reacts. You can also use an options strategy to limit your potential downside.

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Boston Beer Company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 70% to 142%. Revenue rose from 30% to 53%.

Analysts expect earnings-per-share growth of 98% for the quarter, and 56% growth for the full year. Estimates for the full year were recently revised higher.

The company has a 98 Composite Rating and earns the No. 1 rank among its peers in the Beverages-Alcoholic industry group. Constellation Brands (STZB) and MGP Ingredients (MGPI) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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