Stock Analysis
Ambev First Quarter 2024 Earnings: EPS Beats Expectations
Ambev (BVMF:ABEV3) First Quarter 2024 Results
Key Financial Results
- Revenue: R$20.3b (down 1.2% from 1Q 2023).
- Net income: R$3.70b (flat on 1Q 2023).
- Profit margin: 18% (in line with 1Q 2023).
- EPS: R$0.23 (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ambev EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.9%.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Beverage industry in South America.
Performance of the market in Brazil.
The company's shares are down 3.3% from a week ago.
Risk Analysis
Be aware that Ambev is showing 1 warning sign in our investment analysis that you should know about...
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About BOVESPA:ABEV3
Ambev
Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.
Undervalued with excellent balance sheet and pays a dividend.