Stock Analysis
Ambev Third Quarter 2024 Earnings: EPS Misses Expectations
Ambev (BVMF:ABEV3) Third Quarter 2024 Results
Key Financial Results
- Revenue: R$22.1b (up 8.8% from 3Q 2023).
- Net income: R$3.46b (down 12% from 3Q 2023).
- Profit margin: 16% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: R$0.22 (down from R$0.25 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ambev EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%.
Looking ahead, revenue is forecast to grow 5.6% 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 share price is broadly unchanged 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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.
