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 story : Boston Beer stock slips ahead of earnings after MKM analyst warns revenue could miss on seltzer weakness #FinanceUSA #StockMarketNEWS Shares of Boston Beer Co. eased 0.2% in afternoon trading Wednesday,

@stockMarketNEWS 14 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Boston Beer stock slips ahead of earnings after MKM analyst warns revenue could miss on seltzer weakness #FinanceUSA #StockMarketNEWS
Shares of Boston Beer Co. eased 0.2% in afternoon trading Wednesday, a day before the beer brewer was scheduled to report second-quarter results. MKM Partners analyst Bill Kirk cut his price target on the stock to 4 from ,204, while reiterating his neutral rating, ahead of the earnings report. "With a slowing seltzer category and underwhelming on-premise contribution, we believe that Boston Beer's 2Q is at risk for a topline miss and that forward guidance needs to be cut," Kirk wrote in a note to clients. Boston Beer is slated to report earnings after Thursday's closing bell. The FactSet consensus for second-quarter earnings per share is .60 and for revenue is 7.6 million. For full-year 2021, the company said it expects adjusted EPS of between .00 and .00, while the FactSet revenue consensus is .50 billion. The stock has tumbled 25.5% over the past three months, while the S&P 500 has tacked on 4.3%.


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