Materialize stock full#

The stock is still up 42.7% in the past year, however. вЂњWe increased our production of Truly to meet our summer peak and have had lower-than-anticipated demand for certain Truly brand styles, which has resulted in higher-than-planned inventory levels at our breweries and increased supply-chain costs and complexity.вЂќДЄfter hitting those record highs following its last earnings report, Boston Beer shares have struggled, declining 24% in the past three months as the S&P 500 index вЂњWe overestimated the growth of the hard seltzer category in the second quarter and the demand for Truly, which negatively impacted our volume and earnings for the quarter and our estimates for the remainder of the year,вЂќ Chief Executive Dave Burwick stated. Beta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its 'beta'.

The new forecast is actually below the outlook executives had before raising it along with first-quarter earnings the previous forecast was $20 to $24 a share. Over the last 12 months, Materialise's shares have ranged in value from as little as 18.5 up to 87.4.

Materialize stock full#

That was well short of analystsвЂ™ forecasts, which called on average for earnings of $6.60 a share on revenue of $657.6 million.ДЇor the full year, Boston Beer executives now expect earnings of $18 to $22 a share, after previously stating an outlook of $22 to $26 a share. Sales increased 33.3% from a year ago to $602.8 million. вЂњHard seltzer category growth was negatively impacted by several developments: (1) slowing growth in household penetration as the market matures and there is less new trial, (2) a gradual transition of volume to the on-premise channel as hard seltzer becomes a more regular option in that channel, (3) new hard seltzer brands at retail that resulted in a proliferation of choices and consumer confusion, and (4) a challenging comparative period of significant pantry loading related to on-premise restrictions in the second quarter of 2020,вЂќ Koch said.Д«oston Beer reported second-quarter profit of $59.2 million, or $4.75 a share, down from $4.88 a share a year ago. Jim Koch, the founder and chairman of the company, said in a statement that вЂњthe hard seltzer category and overall beer industry were softer than we had anticipated.вЂќ Executives explained that high hopes for hard seltzer - a category that has exploded since White Claw hard seltzer gained rapid popularity two years ago - were a major contributor.