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Boston Beer trims 2026 EPS guidance amid small-cap rebound
The stock is set to report earnings on July 23 after Boston Beer lowered its adjusted EPS outlook to $8.50 to $10.50 for Q1 2026.
Small-cap stocks have been rallying in 2026, with the Russell 2000 index up about 18% through July 20, a move MarketBeat Ratings links to investors rotating away from high-valuation technology names. But the publication cautions that small caps can follow very different earnings paths, even within the same broader group.
Boston Beer is one example, with the stock down more than 80% over the past five years and trading at an eight-year low as of July 20. MarketBeat Ratings notes that alcohol companies face headwinds tied to shifting consumer tastes, GLP-1 drugs, and the broader health and wellness trend.
In earnings updates, Boston Beer lowered its adjusted EPS guidance for Q1 2026 to a range of $8.50 to $10.50, which the outlet says would put the midpoint in line with the company’s full-year 2025 EPS. MarketBeat Ratings also points to Boston Beer’s founder, Jim Koch, returning as chief executive officer in August 2025, and says the stock’s consensus rating is Reduce, with a consensus analyst price target around $224.
MarketBeat Ratings adds that Boston Beer’s earnings report is due on July 23, a catalyst it says could influence the stock’s outlook in the near term.
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