Anheuser-Busch (BUD) Reports Q4: Everything You Need To Know Ahead Of Earnings
Stock Story
Published Feb 28, 2024 02:01AM ET
Updated Feb 28, 2024 06:31AM ET
Anheuser-Busch (BUD) Reports Q4: Everything You Need To Know Ahead Of Earnings
Beer powerhouse Anheuser-Busch InBev (NYSE:BUD) will be reporting results tomorrow before market open. Here's what to expect.
Last quarter Anheuser-Busch reported revenues of $15.57 billion, up 3.2% year on year, missing analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts' earnings and revenue estimates.
Is Anheuser-Busch buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Anheuser-Busch's revenue to grow 6.2% year on year to $15.58 billion, improving on the 3.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Anheuser-Busch's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Molson Coors (NYSE:TAP) delivered top-line growth of 6.1% year on year, beating analyst estimates by 0.4% and Zevia PBC reported revenues up 6.9% year on year, exceeding estimates by 1.2%. Molson Coors traded flat on the results, and Zevia PBC was down 1.9%
Read the full analysis of Molson Coors's and Zevia PBC's results on StockStory.
Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks up on average 1.9% over the last month. Anheuser-Busch is up 1.2% during the same time, and is heading into the earnings with analyst price target of $70.1, compared to share price of $63.2.
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Written By: Stock Story
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