Ambev Third Quarter 2022 Earnings: EPS: R$0.20 (vs R$0.23 in 3Q 2021)

Ambev (BVMF:ABEV3) Third Quarter 2022 Results

Key Financial Results

• Revenue: R$20.6b (up 11% from 3Q 2021).
• Net income: R$3.11b (down 13% from 3Q 2021).
• Profit margin: 15% (down from 19% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: R$0.20 (down from R$0.23 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ambev Earnings Insights

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Beverage industry in South America.

Performance of the market in Brazil.

The company's shares are up 3.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Ambev you should know about.

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