Ambev Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Ambev (BVMF:ABEV3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$18.9b (flat on 2Q 2023).
- Net income: R$2.50b (flat on 2Q 2023).
- Profit margin: 13% (in line with 2Q 2023).
- EPS: R$0.16 (up from R$0.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ambev Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 9.8%.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Beverage industry in South America.
Performance of the market in Brazil.
The company's shares are down 1.2% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Ambev could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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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.
Flawless balance sheet, good value and pays a dividend.