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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