# Earnings Estimates

 Glossary

Disclaimer: Mean Earnings Estimates are calculated by First Call based on the earnings projections made by the analysts who cover The Boston Beer Company. Please note that any opinions, estimates or forecasts regarding The Boston Beer Company performance made by these analysts (and therefore the Mean estimate numbers) are theirs alone and do not represent opinions, forecasts or predictions of The Boston Beer Company or its management. The Boston Beer Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations

3.44

Sell

## Analyst Forecasts - Earnings Per Share

Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change Last Month Revisions Annual Dec 25 13.54 14.96 11.12 13.93 7 1 1 -0.98 Annual Dec 24 10.72 12.41 8.69 10.52 11 1 1 -0.16 Annual Dec 23 7.72 9.70 6.21 7.72 12 1 1 0.24 Quarterly Mar 23 -0.22 0.56 -0.94 -0.27 11 -- -- -- Quarterly Jun 23 3.72 5.08 2.67 3.57 11 1 -- 0.02 Quarterly Sep 23 3.95 4.61 3.39 3.90 10 1 -- 0.05 Quarterly Dec 23 0.53 1.47 -0.29 0.46 10 -- -- -- Long Term Growth 148.64 148.64 148.64 148.64 1 -- -- 0.00

## Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 22 5.44 7.11 -23.53
Annual Dec 21 1.17 1.64 -28.72
Annual Dec 20 15.53 15.70 -1.10
Quarterly Dec 22 -0.93 0.70 -233.09
Quarterly Sep 22 2.21 3.07 -27.94
Quarterly Jun 22 4.31 4.43 -2.79
Quarterly Mar 22 -0.16 1.97 -108.13

## Analyst Forecasts - Earnings Per Share (Parent)

Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change Last Month Revisions Annual Dec 25 -- -- -- -- -- -- -- -- Annual Dec 24 -- -- -- -- -- -- -- -- Annual Dec 23 -- -- -- -- -- -- -- -- Quarterly Dec 23 -- -- -- -- -- -- -- -- Quarterly Sep 23 -- -- -- -- -- -- -- -- Quarterly Jun 23 -- -- -- -- -- -- -- -- Quarterly Mar 23 -- -- -- -- -- -- -- --

## Actuals - Earnings Per Share (Parent)

Reported Mean Estimate Surprise % Change
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