This week's biggest % winners & losers: July 19 - 23, 2021 (wk 29)

 This week's biggest % gainers/losers The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: CYTK (29.43 +53.04%), ENDP (4.96 +39.58%), ACOR (4.61 +24.8%), MRNA (347.14 +21.2%), QDEL (148.56 +18.73%), TCDA (4.2 +14.75%)
• Industrials: UPWK (55.63 +16.62%)
• Consumer Discretionary: HZO (54.79 +19.46%), ROKU (468.76 +17.19%), CROX (131.32 +16.98%), TPH (22.66 +16.9%), CMG (1823.43 +16.85%), SKX (54.35 +15.36%)
• Information Technology: SWI (11.05 +23.6%), ADTN (22.02 +19.28%), CALX (48.71 +15.78%), TENB (45.69 +15.67%)
• Energy: BTU (11.06 +26.98%)

This week's top % losers

• Healthcare: AKBA (2.55 -17.9%), EVLO (9.34 -17.73%), GKOS (50.25 -11.86%)
• Materials: IAG (2.44 -12.54%)
• Industrials: AFI (4.36 -19.03%), BOOM (42.19 -16.93%), HCSG (26.57 -11.7%)
• Consumer Discretionary: TAL (6.12 -69.15%), EDU (2.67 -58.65%), BZUN (26.26 -19.09%), SNBR (94.04 -12.97%), MOGU (1.15 -12.88%)
• Information Technology: CTK (1.51 -24.51%)
• Financials: LX (8.63 -12.47%)
• Consumer Staples: SAM (716.58 -22.54%)

-=Boston Beer (SAM) reported earnings on Thur 22 Jul 21 (a/h)

   ** charts after earnings **

Shares of Boston Beer (SAM) got hammered Friday after the company overestimated demand for its Truly seltzer brand for the second quarter. At one point in the morning, the stock was down 26%, to $701.68, its worst daily percentage decline on record, according to Dow Jones Market Data. The lowest close was $659.23 on July 23, 2020—exactly a year ago.

The company both missed earnings expectations and dropped its outlook for full-year earnings and shipments. After the report Thursday, Goldman Sachs analyst Bonnie Herzog told clients that she was cutting her rating on Boston Beer to Neutral from Buy and slashing her price target to $875 from $1,550.

“We are very surprised by the magnitude of this quarter’s miss which came in well below expectations despite mgmt’s consistently confident tone as recently as our May 18 Global Staples Forum,” Herzog wrote. “Bottom line, we believe today’s results could see investors question SAM’s growth strategy.”

-=Boston Beer (SAM) reported earnings on Thur 22 Oct 20 (a/h)

 

Boston Beer Co beats by $1.79, misses on revs; raises FY20 EPS guidance above consensus

Reports Q3 (Sep) earnings of $6.51 per share, $1.79 better than the S&P Capital IQ Consensus of $4.72; revenues rose 30.0% year/year to $492.8 mln vs the $520.93 mln S&P Capital IQ Consensus.

Depletions increased 36% and 40% from the 13- and 39-week comparable periods in the prior year.

Shipments increased 30.5% and 34.1% from the13- and 39-week comparable periods in the prior year.

Co issues raises guidance for FY20, sees EPS of $14.00-$15.00 vs. prior outlook of $11.70-$12.70, above the $12.72 S&P Capital IQ Consensus.

• Depletions and shipments increase of between 37% and 42% of which between 1% and 2% of this growth is due to the addition of the Dogfish Head brands.
• National price increases of between 1% and 2%.
• Gross margin of between 46% and 47%.

2021 Outlook: The company is completing its 2021 planning process and will provide further detailed guidance when the Company presents its full-year 2020 results. The company is currently using the following preliminary assumptions and targets for its 2021 fiscal year:

• Depletions and shipments percentage increase between 35% and 45%
• National price increases of between 1% and 2%.
• Gross margin of between 46% and 48%.

-=Boston Beer (SAM) reported earnings on Wed 20 Feb 2019 (a/h)

Boston Beer Co beats by $0.13, misses on revs; guides FY19 EPS in-line

• Reports Q4 (Dec) earnings of $1.86 per share, $0.13 better than the S&P Capital IQ Consensus of $1.73; revenues rose 9.2% year/year to $225.22 mln vs the $227.89 mln S&P Capital IQ Consensus.
• Depletions increased 11% and 13% from the comparable 13 and 52-week periods in 2017.
• Gross margin was 51.9% for the fourth quarter, a decrease from 52.4% in the comparable 13-week period in 2017, and 51.4% for the 52-week period ending December 29, 2018, a decrease from 52.1% in the comparable 52-week period in 2017.
• Co issues in-line guidance for FY19, sees EPS of $8.00-9.00, excluding non-recurring items, vs. $8.57 S&P Capital IQ Consensus. Additional guidance:
  • Depletions and shipments percentage increase of between 8% and 13%.
  • National price increases of between 1% and 3%.
  • Gross margin of between 51% and 53%.

Earnings this week : Feb. 18 - 22, 2019 (wk 8)

Earnings confirmed to report this week:

Monday (Feb 18) 

• (Holiday) U.S. Market Closed

Tuesday (Feb 19)

• Morning: AAP ALLE WTR AAWW CLR CTB CEQP ECL FELE FDP GDI GPC HLX HIMX HEP HOLI JELD LDOS DOOR MDT NEO NBL SAGE SCI SITE TTS TSEM RIG USAC WMT
• Afternoon: ACC AWK CDNS CRMT CXW DVN  FIVN HLF HST HSTM HVT INST KAR KRG LC LMAT LNTH LZB NTB NVTA RARE SSTI TILE TVTY TXRH VRSK WIRE

Wednesday (Feb 20)

• Morning: ADI AROC BHC BDC CNDT CVS ETR FMS GCI GRMN GEL GVA HSIC HFC IPHS I LAMR NI OMI OC QUAD SAH SO TRGP VNTR VPG WIX WWW
• Afternoon: A ALB ATR AXTI CAI CAKE CAR  CBLK CDE CECO CHE CLI CONE CUTR CYH FLS FTI GDDY GDOT GHDX IAG ICLR INOV IVR JACK KALU LASR LOPE MANT MMI NDSN NE NTES NUVA O OR PAAS PEGA PI QEP RGR ROG RPT SAM SEDG TMST TRN TSLX TYL UFPI VIPS VMI WK WPG WPX WRI XEC Y

Thursday (Feb 21)

• Morning:  BRC DIN DLPH DPZ FND GIL GOGO HL HRL ITGR NCLH NEM PLAB PWR RGEN ROCK RS SFM SGMs STOR TFX VG WEN
• Afternoon:  AAOI ACIA ADSW AL AMH ANIK APPN ATUS BEAT BIDU BJRI BMRN BOOM BYD CASA CATM CBPX CENX CHSP COLD CUBE CWST CZR DBX DXCM EBS ECOL ED EGO  ENV EVRG EXAS FIX FLR FSLR GMED HALO HCC HPE HTGC INFN INT INTU IQ KEYS KHC LNT LPSN MATX MDRX NCMI NVRO OLED PAGS PBA PE PRA RMAX ROKU SBAC SEM SSRM STMP SWM TGH TTD TXMD UCTT VERI VLRS XOG

Friday (Feb 22)

• Morning: AN ASIX B CNK COG COT ERF ETM HMSY ITT MGA MNTA PNW RCM RUTH RY TDS TVPT USM W WPC

-=Boston Beer Co (SAM) reported earnings on Wed 21 Feb 2018 (a/h)

Boston Beer Co beats by $0.06, reports revs in-line; guides FY18 EPS below consensus 

• Reports Q4 (Dec) earnings of $0.85 per share, $0.06 better than the Capital IQ Consensus of $0.79; revenues fell 5.9% year/year to $206.32 mln vs the $206.46 mln Capital IQ Consensus.
  • Net income for the 2017 fourth quarter was $30.5 million, or $2.57 per diluted share, an increase of $8.4 million or $0.82 per diluted share from the fourth quarter of 2016. This increase was primarily due to a favorable one-time impact of $1.72 per diluted share related to the Tax Cuts and Jobs Act of 2017 that was enacted in December 2017 and an increase in gross margins, partially offset by the impact of lower shipments and higher brand investments.
  • Gross margin for the 2017 fourth quarter was 52.4% and for the 2017 full year was 52.1%, an increase of 3.3 and 1.4 percentage points compared to the respective 2016 periods.
• Co issues downside guidance for FY18, sees EPS of $6.30-7.30, reflecting the uncertain volume outlook, vs. $7.54 Capital IQ Consensus Estimate.
  • Depletions and shipments percentage change of between zero and plus 6 percent. 
  • National price increases of between zero and 2%. 
  • Gross margin of between 52% and 54%, increasing during the year due to progress on cost saving initiatives.
  • Estimated capital spending of between $55 million and $65 million, which could be significantly higher, if deemed necessary to meet future growth. 

=Boston Beer (SAM) reported earnings Thur 18 Feb 2016 (after close)

Boston Beer Co beats by $0.07, misses on revs; guides FY16 EPS below consensus  :

• Reports Q4 (Dec) earnings of $1.21 per share, $0.07 better than the Capital IQ Consensus of $1.14; revenues fell 1.2% year/year to $215.1 mln vs the $223.81 mln Capital IQ Consensus, mainly due to a decline in core shipments of 3%, partially offset by price increases.
  • Depletions decreased 3% from the comparable 13-week period in 2014.
• Co issues downside guidance for FY16, sees EPS of $7.60-8.00 vs. $8.08 Capital IQ Consensus Estimate. 
  • Depletions and shipments percentage growth of mid-single digits. National price increases of between 1% and 2%.
  • Gross margin of between 52% and 54%. Increased investment in advertising, promotional and selling expenses of between $10 million and $20 million.