Anheuser-Busch InBev Earnings: Here’s Why the Stock is Rising Now
Anheuser-Busch InBev (NYSE:BUD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6%.
Anheuser-Busch InBev Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.77% to $0.93 in the quarter versus EPS of $1.22 in the year-earlier quarter.
Revenue: Rose 7.26% to $10.59 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Anheuser-Busch InBev reported adjusted EPS income of $0.93 per share. By that measure, the company missed the mean analyst estimate of $1.03. It beat the average revenue estimate of $10.2 billion.
Key Stats (on next page)…
EPS decreased 19.83% from $1.16 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.33 to a profit $1.28. For the current year, the average estimate has moved down from a profit of $4.87 to a profit of $4.81 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)