Ambev S.A. (NYSE:ABEV) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ABEV to report 3Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 10035.10 million, while looking forward to income of $ 0.10 per share bottom line.
Previous Quarter Performance
Ambev S.A. disclosed income for the second quarter of $ 0.01 per share, from the revenue of $ 2,164.00 million. The quarterly earnings down 75.00 percent while revenues decreased 30.16 percent compared with the same quarter last year. The top line results outshined analysts by $ 506.75 million or 30.58 percent.
Stock Performance
Shares of Ambev S.A. traded low $ -0.11 or -4.51 percent on Wednesday, reaching $ 2.33 with volume of 23.88 million shares. Ambev S.A. has traded high as $ 2.38 and has cracked $ 2.31 on the downward trend
According to the previous trading day, closing price of $ 2.33, representing a 28.42 % increase from the 52 week low of $ 1.90 and a 48.63 % decrease over the 52 week high of $ 4.75.
The company has a market capital of $ 36.43 billion and is part of the Consumer Defensive sector and Beverages – Brewers industry.
Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Latin America North, Latin America South, and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keiths, Kokanee, Banks, and Deputy brands.
