Ambev SA <ABEV3.SA> expected to post earnings of 23 centavos a share - Earnings Preview
Ambev SA ABEV3.SA is expected to show a rise in quarterly revenue when it reports results on October 31 for the period ending September 30 2024
The Sao Paulo-based company is expected to report a 9.0% increase in revenue to R$22.142 billion from R$20.32 billion a year ago, according to the mean estimate from 7 analysts, based on LSEG data.
LSEG's mean analyst estimate for Ambev SA is for earnings of 23 centavos per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."
The mean earnings estimate of analysts had fallen by about 1.0% in the last three months.
Wall Street's median 12-month price target for Ambev SA is R$15.00, above its last closing price of R$12.89.
Previous quarterly performance (using preferred earnings measure in Brazilian reais).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 0.16 | 0.16 | 0.15 | Missed | -8.6 |
Mar. 31 2024 | 0.21 | 0.22 | 0.23 | Beat | 7 |
Dec. 31 2023 | 0.29 | 0.29 | 0.29 | Met | 0.6 |
Sep. 30 2023 | 0.23 | 0.21 | 0.25 | Beat | 19 |
Jun. 30 2023 | 0.16 | 0.17 | 0.16 | Missed | -8 |
Mar. 31 2023 | 0.20 | 0.20 | 0.23 | Beat | 15 |
Dec. 31 2022 | 0.24 | 0.24 | 0.33 | Beat | 40.4 |
Sep. 30 2022 | 0.17 | 0.18 | 0.20 | Beat | 13.2 |
This summary was machine generated October 29 at 13:53 GMT. All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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