Boston Beer Co (NYSE:SAM) reported Q1 results.Quarterly Results Earnings per share fell 14.44% year over year to $1.60, which missed the estimate of $1.77.Revenue of $330,565,000 up by 31.36% year over year, which missed the estimate of $346,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 22, 2020View more earnings on SAMWebcast URL: https://webcasts.eqs.com/register/bostonbeer20200422/enRecent Stock Performance 52-week high was at $444.6452-week low: $263.36Price action over last quarter: Up 7.85%Company Overview Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.See more from Benzinga * Recap: Moelis & Co Q1 Earnings * Netgear: Q1 Earnings Insights * Recap: Echo Global Logistics Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

NEW YORK, NY / ACCESSWIRE / April 22, 2020 / Boston Beer Co., Inc. (NYSE:SAM) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 22, 2020 at 5:00 PM ...

Meeting Date: Thursday, May 14, 2020 Meeting Time: 9:00 a.m. (Eastern Time) Meeting Access: Virtual Stockholder Meeting, www.meetingcenter.io/222621287

Boston Beer (SAM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Q1 2020 Boston Beer Company Inc Earnings Call

Boston Beer Company (NYSE:SAM) shares have had a really impressive month, gaining 35%, after some slippage. That...

The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the crisis hadn’t all but shut the economy down.

Boston Beer Co. shares fell 8.5% in the extended session Wednesday after the company missed consensus estimates and recorded a revenue reduction related to the coronavirus pandemic. The company reported first-quarter net income of $18.2 million, or $1.49 a share, compared with net income of $23.7 million, which amounts to $2.02 a share, in the year-ago period. Revenue net of excise taxes rose to $330.6 million from $251.7 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $1.92 a share on revenue of $347.7 million. Boston Beer withdrew its full-year 2020 guidance due to the COVID-19 pandemic. The maker of Samuel Adams Boston Lager and other beers said that thus far it has seen reduced keg demand and higher labor and safety costs. In the first quarter, Boston Beer recorded a coronavirus-related reduction in revenue of $10 million due to $5.8 million worth of keg returns, and $4.2 million in direct costs. The company also said it had shifted more volume to third-party breweries, which has increased production costs and impacted margins. Boston Beer stock has gained 57% in the past year, with the S&P 500 index falling 5.9%.

You probably wouldn't pick Anheuser Busch (NYSE:BUD) as a play on the novel coronavirus.Source: legacy1995 / Shutterstock.com Unlike other publicly traded companies that have found positive momentum as states ease social restrictions, Anheuser Busch stock remains deeply embattled on a year-to-date basis. Nevertheless, I believe the markets are acting irrationally. When you break down BUD stock, this is one of the most compelling discount stocks available.First, the technical picture as I said doesn't intuitively come across as a potential recovery narrative. Last week, I discussed the bull case for Boston Beer Company (NYSE:SAM), which is backed by a strong management team, an equally strong brand and a compelling product mix.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnsurprisingly, SAM shares have skyrocketed off their March lows. In contrast, Anheuser Busch stock is wandering aimlessly. * 7 Excellent Penny Stocks Ready to Roar However, you can also look at this as a case of BUD building long-term support. Many investors don't want to buy into momentum; rather, they prefer getting in on the ground floor. But if you can stomach the risk, the potential for BUD is explosive.This brings me to my second point. Although the coronavirus has been devastating for virtually all businesses, it has also created pockets of opportunities for a select few companies. One of them is Anheuser Busch.As you know, the company specializes in budget beer brands such as Budweiser, Bud Light, Michelob Ultra and Busch Beer. In the pre-coronavirus days, that didn't quite help the case for Anheuser Busch stock, as millennials overwhelmingly prefer craft beer to traditional "corporate" brands.But genuine craft beer is primarily consumed in restaurants, bars and tasting clubs. These institutions went out of commission during the quarantines. Economic Realities Bolster the Case for Anheuser Busch StockNow, it's true that restaurants going out of commission isn't a completely clear-cut catalyst for BUD stock. After all, Anheuser sells their brands to restaurants as well. Furthermore, budget beer is huge at sporting and live events. Obviously, even with the return of sports, we won't know when governing agencies will allow large gatherings.However, the critical point about craft beer is that smaller companies were left with very few mitigating options. As I discussed about Boston Beer, they too had to deal with expiring kegs. But because of their strength and influence, they were able to channel their resources to make the best of the situation. Most craft breweries don't have that luxury.Cynically, this dynamic opened an opportunity for Anheuser Busch stock in that the underlying company essentially received free organic marketing. Just because a pandemic hits town doesn't mean consumers will magically abstain from imbibing. In fact, every data source indicates that consumers flocked to grocery stores to stock up on essentials: food, water, toilet paper and beer…lots and lots of beer.Indeed, reports indicate that all alcohol categories saw significant sales increases, but especially so for budget beer. Specifically, Anheuser's Busch Light sales jumped 44% over a two-month period. Put another way, demand for alcoholic products has always existed. The virus outbreak merely shifted it from one channel (bars and restaurants) to another (home consumption).Better yet, Anheuser Busch stock is likely to be unaffected by the velocity of economic rebound over the next several months. If we have a quick recovery, consumers will probably maintain their budget-focused mentality just in case. Because this crisis was so steep and unprecedented, they're not about to throw caution to the wind.If we slog it out, though, BUD still looks good because of its main products' lower price point. BUD Could Be an Unlikely HedgeIf you've followed my work during this troubling time, you'll know that I've always focused on the bigger picture. The megatrends I've been harping on for years will still reshape global societies; the novel coronavirus has merely delayed those shifts.As you can see for yourself with the alcohol demand, great opportunities don't die. Instead, they filter down the path of least resistance.That said, if we were to suffer a protracted recession, Anheuser Busch could turn out to be an unlikely hedge. According to data from the Great Recession, drinking increased significantly in the home as workers sought coping mechanisms from the many pressures associated with the downturn.To be clear, I'm not suggesting that investors buy BUD from the cynical angle that people will drink their troubles away. Tthat phenomenon will always be with us in any circumstance. Instead, I'm pointing out that millions of consenting adults turn to various products to help them deal with daily life. In a recession, this spark will only grow stronger.As well, many restaurants and breweries could go out of business because of the coronavirus. Thus, I would expect continued high demand from grocery stores, which is a net positive for BUD.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Undervalued Anheuser Busch Stock Has a Bad Case of Market Irrationality appeared first on InvestorPlace.

Boston Beer (SAM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2020 net revenue of $330.6 million, an increase of $78.9 million or 31.4% from the same period last year, mainly due to an increase in shipments of 32.2%. Net income for the first quarter was $18.2 million, or $1.49 per diluted share, a decrease of $5.5 million or $0.53 per diluted share from the first quarter of 2019. The decrease in net income reflects that the Company's higher net revenue was more than offset by increases in operating expenses and lower gross margins.

Shares of Boston Beer (NYSE: SAM) jumped 26.9% higher in April, according to data from S&P Global Market Intelligence. Although beer consumption remains in a secular decline and may forever be altered by the coronavirus pandemic, Boston Beer has proved resilient by paying attention to what consumers want to drink and producing the second biggest hard seltzer brand, Truly. As bars and restaurants were among the first businesses ordered closed to help contain the outbreak, Boston Beer saw demand switch away from kegs, which it's mostly able to produce in-house, and toward cans, which it mostly outsources.

Boston Beer (SAM) misses on first-quarter 2020 revenues and earnings due to the impacts of the coronavirus pandemic, which hurt gross margin and elevated costs.

The novel coronavirus has hit Anheuser-Busch InBev (NYSE:BUD) particularly hard. With a rally off March lows fading, Anheuser-Busch stock now is down more than half so far in 2020.Source: legacy1995 / Shutterstock.com It's a more stunning decline than an investor might think. Excluding travel, financials and retailers, BUD has been the worst large-cap stock of 2020.And it's not as if Anheuser-Busch stock roared into the year. Shares did post a nice rally in 2019 -- but off a six-year low reached the prior December. Heading into 2020, BUD still was nearly 40% below 2016 levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are both short- and long-term reasons for the selling pressure. But before last week's earnings report, I argued that Anheuser-Busch stock was a buy if it retested March lows. We're getting close to those lows. At this point, and after earnings, I believe Anheuser-Busch stock is a buy. A Short-Term HitUnquestionably, Anheuser-Busch is taking a short-term hit from coronavirus-driven fears. As I noted earlier this month, the company is getting a boost in off-premise (takeaway) sales. Data from Nielsen showed a nearly 10% increase over four weeks. * 20 Stocks to Buy If You're Still Betting on America to Thrive Of course, the off-premise business is getting slammed worldwide. Bars, restaurants, stadiums and other venues are closed. Sales have fallen so far that there are legitimate concerns about how brewers will dispose of stale beer.The impact was seen in BUD's first-quarter report last week. Revenue declined 5.8% for the quarter. But volume actually was up 1.9% in the first two months. Given higher pricing, revenue grew even faster.Indeed, revenue per hectoliter rose nearly 4% in the quarter. That suggests that revenue in January and February was up close to 6% -- while March sales fell in the range of 25%. The news for April was worse: a 32% decline in global volume.Unsurprisingly, adjusted earnings (what Anheuser-Busch calls "underlying profit") fell 30% year-over-year in Q1. The second quarter will be worse. The problem with the brewing industry is that costs don't come down all that much along with volume. The brewery still needs to operate; labor savings are minimal. Even gross margins fall when volumes come down.And so this crisis in 2020 is a multibillion-dollar problem for Anheuser-Busch. There's no two ways about it. Longer-Term WorriesAgain, that comes after Anheuser-Busch stock already had its struggles. The rise of craft beer worldwide created literally thousands of new competitors. The number of breweries in the U.S. alone almost doubled between 2014 and 2018.As a result, sales for BUD and other mega-brewers have stalled out. Indeed, Molson Coors (NYSE:TAP) has seen its stock fall even further, and its shares are retesting an 11-year low.In addition to the pressure on the industry, Anheuser-Busch's acquisition of SABMiller put tens of billions of dollars in debt on the balance sheet. So, it's not a surprise that BUD stock struggled even before the current crisis. The Case for Anheuser-Busch Stock at the LowsAll that said, price matters. Value matters.And I'd keep this in mind: Anheuser-Busch stock has lost a stunning $65 billion in market value so far in 2020.Again, the short-term hit is significant in terms of lost sales and profits. But it's not $65 billion significant. It's nothing close to that.And as far as the long-term impact goes, I'm skeptical it's all that negative. Normalcy will return. Bars and restaurants already are starting to reopen, if cautiously so.Many craft competitors unfortunately won't do the same. What we're seeing in sectors like tech is a realization that size and scale are enormous benefits in a time of turmoil. Anheuser-Busch has that size and scale.Elsewhere in the beverage industry, investors seem to have that understanding. Coca-Cola (NYSE:KO) estimated a global volume decline of 25% for the first three weeks of April. Its stock is down just 21% this year, a performance some thirty points better than that of BUD.Kraft Heinz (NASDAQ:KHC) is another consumer giant with heavy leverage. Its shares are down 10% YTD. Boston Beer (NYSE:SAM) stock actually has soared, and sits at an all-time high.To be sure, I'm not arguing that BUD stock should be positive amid the crisis. I'm not even convinced that Anheuser-Busch stock should be tracking Coke.But, again, outside of the hardest-hit sectors, BUD has been the worst large-cap stock of 2020. I simply don't think the long-term outlook supports that kind of decline. Investors will figure that out soon enough.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Anheuser-Busch Stock Makes a Solid Buy at Current Lows appeared first on InvestorPlace.

Boston Beer's (SAM) first-quarter 2020 results are likely to reflect gains from increased depletions and shipments. However, the effects of the virus outbreak might have impacted its performance.

China’s constantly shifting methodology for counting the number of cases of the coronavirus that causes COVID-19 has led it to greatly understate the numbers and the true tally may be four times the official figures, according to a new study by researchers in Hong Kong.

Although sometimes it's tempting to curl up under grandma's quilt and not face the world during the current health crisis, for the observant investor, opportunities are there for the taking. Although it has beer in its name, Boston Beer (NYSE: SAM) made it onto this list because of a different product in its stable: Truly Hard Seltzer. As it happens, growth in hard seltzer is skyrocketing.

Molson Coors is launching its hard seltzer Vizzy to take on White Claw.

Boston Beer (SAM) delivered earnings and revenue surprises of -24.57% and 1.57%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

During the onset of the novel coronavirus outbreak, most states eventually responded to the crisis with shelter-in-place orders. Not surprisingly, the resultant boredom saw an increase in coping behaviors, including knocking down a few cold ones. On the surface, that would seem to benefit Boston Beer Company (NYSE:SAM), best known for its Samuel Adams brand. And it did, with SAM stock soaring since the second half of March.Source: LunaseeStudios / Shutterstock.com But the success of Boston Beer to avoid the volatility seen in other names, such as Anheuser Busch (NYSE:BUD), isn't all about making a great product. Though millennials tend to enjoy the finer things in life when it comes to their culinary experiences, Boston Beer isn't just reliant on retail purchases. Instead, a good chunk of their revenue and profitability comes from the restaurant industry.Well, that's a bit of a problem. One of the first sectors to experience a near-total shutdown were restaurants. As a result, service workers in this segment accounted for a large share of the 20.5 million jobs lost in April. Despite the obvious headwind, SAM stock continues to outperform.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 20 Stocks to Buy If You're Still Betting on America to Thrive Rather than a bull trap, there are many things to like about Boston Beer. Here are three factors that I'm paying attention to. Smart Management Underlines SAM StockOften, great leaders don't emerge when times are good. Instead, a person's leadership capabilities - or lack thereof -- is most pronounced when the going gets tough. Then, you have firm confirmation that conflation with outside factors didn't distort your assessment.As I mentioned above, the restaurant industry was among the hardest-hit sectors of this crisis. Subsequently, this caused many craft brew kegs to expire. Obviously, it would be highly unethical and probably illegal to serve that for patrons (not that they would be coming). Thus, many business operators would have simply written the situation off as a loss.Not Boston Beer. According to founder and Jim Koch, Boston Beer has a frequent practice of taking unused, expired beer and converting it into ethanol, which can then be blended into gasoline. But with the present crisis, the company has also shifted toward converting expired product into hand sanitizers.That's doing the public a solid. Not only that, this generation of investors is likely to respond positively to such stories. According to a study from EY, "Millennial investors are nearly twice as likely to invest in companies or funds that target specific social or environmental outcomes." Truly Seltzers Are Truly a HitSpeaking of millennials, no business can survive nowadays without having a strong focus on this key demographic. According to the Pew Research Center, millennials are the largest generation in the U.S. labor force. Whether you like them or not, they will determine the trajectory of the broader retail market for years to come.This falls in line with my emphasis on megatrends, with demographics being one of the most powerful. Without a clear pathway toward converting this demo into revenues, you're dead in the water. Fortunately, Boston Beer's management team understands this point and have responded brilliantly.Diversifying away from their core craft beer business, Boston Beer has recently dedicated efforts toward building their Truly brand of hard seltzers. Featuring crisp flavors with an adult kick, Truly satisfies millennial taste buds while giving them an alternative to the typical beer or wine dichotomy. Better yet, evidence indicates that Generation Z is following suit.Therefore, Boston Beer could be sitting on a long-term goldmine, which would only benefit SAM stock. Quarantines Provided Free MarketingWe can argue all day about the effectiveness and the necessity of stay-at-home orders. But I think I speak for everyone that it is boredom personified. Sure, binging Netflix (NASDAQ:NFLX) was fun, but there's only so much TV a human being can watch.But during this time, outdoor activities were mostly limited to essential functions. For most of us, that meant grocery shopping. And as you might expect, a large portion of those grocery bills involved ringing up alcoholic beverages.Undoubtedly, SAM stock benefited from consumer loyalty toward the underlying company's Samuel Adams brand. However, the quarantines were also an opportunity to market Truly, which utilizes attractive, relevant packaging that appeal to millennial shoppers. And since this demo is less likely to contract Covid-19, they are more likely to be found out and about.This opportunity would allow Boston Beer to gain a larger foothold in the burgeoning hard seltzer market. Hence, no one should be surprised if SAM stock continues to march higher throughout this year.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Reasons Why a Pandemic Cana€™t Keep Boston Beer Down appeared first on InvestorPlace.