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Anheuser-Busch Inbev (BUD) Exceeds Market Returns: Some Facts to Consider
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Anheuser-Busch Inbev (BUD - Free Report) closed the latest trading day at $53.42, indicating a +1.4% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the brewer have depreciated by 4.57% over the course of the past month, underperforming the Consumer Staples sector's loss of 4.01% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Anheuser-Busch Inbev in its upcoming earnings disclosure. The company's earnings report is set to go public on October 31, 2023. In that report, analysts expect Anheuser-Busch Inbev to post earnings of $0.86 per share. This would mark year-over-year growth of 6.17%. Alongside, our most recent consensus estimate is anticipating revenue of $15.76 billion, indicating a 4.45% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.03 per share and revenue of $60.73 billion. These totals would mark changes of -5.61% and +5.09%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Anheuser-Busch Inbev. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.82% lower within the past month. Anheuser-Busch Inbev is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Anheuser-Busch Inbev's current valuation metrics, including its Forward P/E ratio of 17.38. This valuation marks a discount compared to its industry's average Forward P/E of 17.95.
Meanwhile, BUD's PEG ratio is currently 1.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BUD's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Anheuser-Busch Inbev (BUD) Exceeds Market Returns: Some Facts to Consider
Anheuser-Busch Inbev (BUD - Free Report) closed the latest trading day at $53.42, indicating a +1.4% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the brewer have depreciated by 4.57% over the course of the past month, underperforming the Consumer Staples sector's loss of 4.01% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Anheuser-Busch Inbev in its upcoming earnings disclosure. The company's earnings report is set to go public on October 31, 2023. In that report, analysts expect Anheuser-Busch Inbev to post earnings of $0.86 per share. This would mark year-over-year growth of 6.17%. Alongside, our most recent consensus estimate is anticipating revenue of $15.76 billion, indicating a 4.45% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.03 per share and revenue of $60.73 billion. These totals would mark changes of -5.61% and +5.09%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Anheuser-Busch Inbev. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.82% lower within the past month. Anheuser-Busch Inbev is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Anheuser-Busch Inbev's current valuation metrics, including its Forward P/E ratio of 17.38. This valuation marks a discount compared to its industry's average Forward P/E of 17.95.
Meanwhile, BUD's PEG ratio is currently 1.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BUD's industry had an average PEG ratio of 1.81 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.