Anheuser-Busch Inbev SA (NYSE:BUD) is reporting third quarter financial results on Thursday 29th October 2020, .
According to analysts surveyed by Thomson Reuters, BUD is expected to report 3Q20 income of $ 0.69 per share from revenue of $ 11901.30 million.
For the full year, analysts anticipate top line of $ 45674.40 million, while looking forward to income of $ 1.96 per share bottom line.
Previous Quarter Performance
Anheuser-Busch Inbev SA outlined income for the second quarter of $ 0.46 per share, from the revenue of $ 10,294.00 million. The quarterly earnings shrunk 60.34 percent while revenues declined 26.28 percent compared with the same quarter last year.
According to street consensus, BUD was expected to report 2Q20 income of $ 0.24 per share from revenue of $ 9176.82 million. The bottom line results beat street analysts by $ 0.22 or 91.67 percent, at the same time, top line results outshined analysts by $ 1,117.18 million or 12.17 percent.
Stock Performance
Shares of Anheuser-Busch Inbev SA traded low $ -2.23 or -4.04 percent on Wednesday, reaching $ 53.02 with volume of 4.76 million shares. Anheuser-Busch Inbev SA has traded high as $ 53.58 and has cracked $ 52.46 on the downward trend
According to the previous trading day, closing price of $ 53.02, representing a 69.58 % increase from the 52 week low of $ 32.58 and a 33.86 % decrease over the 52 week high of $ 83.54.
The company has a market capital of $ 105.09 billion and is part of the Consumer Defensive sector and Beverages – Brewers industry.
Recent Analyst recommendations
- On 7th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating.
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Becks, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol. It has operations in North America, Latin America West, Latin America North, Latin America South, Europe, Africa, and the Asia Pacific.
