Budweiser Brewing Company APAC Limited (HKG:1876) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

The analysts might have been a bit too bullish on Budweiser Brewing Company APAC Limited (HKG:1876), given that the company fell short of expectations when it released its quarterly results last week. Results look to have been somewhat negative - revenue fell 4.9% short of analyst estimates at US$1.5b, and statutory earnings of US$0.018 per share missed forecasts by 4.9%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

We've discovered 1 warning sign about Budweiser Brewing Company APAC. View them for free.

Taking into account the latest results, the consensus forecast from Budweiser Brewing Company APAC's 28 analysts is for revenues of US$6.38b in 2025. This reflects a reasonable 5.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to expand 19% to US$0.061. In the lead-up to this report, the analysts had been modelling revenues of US$6.47b and earnings per share (EPS) of US$0.061 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

See our latest analysis for Budweiser Brewing Company APAC

It will come as no surprise then, to learn that the consensus price target is largely unchanged at HK$10.61. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Budweiser Brewing Company APAC at HK$15.01 per share, while the most bearish prices it at HK$7.92. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Budweiser Brewing Company APAC's rate of growth is expected to accelerate meaningfully, with the forecast 6.9% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 2.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 8.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Budweiser Brewing Company APAC is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Budweiser Brewing Company APAC going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - Budweiser Brewing Company APAC has 1 warning sign we think you should be aware of.

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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.