Beer powerhouse Anheuser-Busch InBev (NYSE:BUD) will be reporting earnings this Thursday before market open. Here’s what to look for.
Anheuser-Busch missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $13.63 billion, down 6.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates.
Is Anheuser-Busch a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Anheuser-Busch’s revenue to be flat year on year at $15.3 billion, slowing from the 1.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Anheuser-Busch has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Anheuser-Busch’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and Coca-Cola reported revenues up 2.1%, topping estimates by 0.5%. Boston Beer traded up 6.5% following the results while Coca-Cola was down 1.4%.
Read our full analysis of Boston Beer’s results here and Coca-Cola’s results here.
There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 3.6% on average over the last month. Anheuser-Busch is down 2.5% during the same time and is heading into earnings with an average analyst price target of $79.27 (compared to the current share price of $66.99).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.