Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

(ABI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Anheuser Busch InBev : 3Q Net Profit Misses Market Views; Sees Better 2nd Half Performance

10/29/2020 | 01:37am EST

By Ian Walker

Anheuser-Busch InBev SA on Thursday reported a 65% fall in third-quarter net profit--missing market forecasts--on revenue that also fell, and said that while it expects the second half performance to be better than the first markets remain volatile and uncertain.

The world's largest brewer--with brands such as Budweiser, Stella Artois and Corona--said volumes rose 1.9% in the third quarter. North America rose 1.5%, South America rose 15% while in Asia Pacific rose 0.5%.

For the quarter ended Sept. 30, AB InBev made a net profit of $1.04 billion compared with $3.0 billion a year earlier and a consensus of $1.62 billion, taken from FactSet and based on four analysts' forecasts.

Normalized earnings before interest, taxes, depreciation and amortization--one of the company's preferred metrics, which strips out exceptional and other one-off items--was $4.89 billion compared with $5.29 billion for the third quarter of 2019 and a consensus of $4.34 billion, taken from FactSet and based on five analysts' forecasts.

Revenue for the quarter was $12.82 billion, down from $13.17 billion and forecasts of $11.78 billion, taken from FactSet and based on nine analysts' estimates.

No dividend has been declared. On April 14, the company halved its final dividend for 2019 to 50 European cents (58.73 U.S. cents) because of the uncertainty and volatility caused by the pandemic.

Write to Ian Walker at ian.walker@wsj.com

Corrections & Amplifications

This article was corrected at 0827 GMT because the original incorrectly said profit was $1.04 million in the third paragraph, and that volumes rose in the second quarter in the second paragraph. Anheuser-Busch InBev made a net profit of $1.04 billion in the third quarter. Volumes rose 1.9% in the third quarter.

This article was corrected at 1211 GMT because it misstated that Anheuser-Busch InBev SA on Thursday reported a % fall in third-quarter net profit. The company reported a 65% fall in third-quarter net profit.

(END) Dow Jones Newswires

10-29-20 0236ET

All news about ANHEUSER-BUSCH INBEV
11/18ANHEUSER BUSCH INBEV : Disclosure Made According to the Requirements of the Roya..
PU
11/18ANHEUSER-BUSCH INBEV : Share buyback
CO
11/16ANHEUSER BUSCH INBEV : Announces Redemption of USD 2.55 Billion and EUR 1.16 Bil..
PU
11/11Late to the game, AB InBev still sees victory in seltzers
RE
11/11AB INBEV : Bernstein reaffirms its Buy rating
MD
11/10ANHEUSER BUSCH INBEV : Disclosure Made According to the Requirements of the Roya..
PU
11/10ANHEUSER-BUSCH INBEV : Share buyback
CO
11/09ADRs Mostly Rise In New York Trading; BP Jumps 15.6%
DJ
11/06Macron pitches France Inc as post-COVID-19 investment destination
RE
11/05ANHEUSER BUSCH INBEV : WORLD AT WORK-How a world traveler stays grounded in 2020
RE
More news
Financials (USD)
Sales 2020 46 513 M - -
Net income 2020 306 M - -
Net Debt 2020 84 300 M - -
P/E ratio 2020 493x
Yield 2020 1,11%
Capitalization 134 B 134 B -
EV / Sales 2020 4,69x
EV / Sales 2021 4,27x
Nbr of Employees 170 000
Free-Float 39,6%
Chart ANHEUSER-BUSCH INBEV
Duration : Period :
Anheuser-Busch InBev Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 66,77 $
Last Close Price 67,97 $
Spread / Highest target 39,1%
Spread / Average Target -1,76%
Spread / Lowest Target -23,8%
EPS Revisions
Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Fernando Mommensohn Tennenbaum Chief Financial Officer
David Almeida Chief Strategy & Technology Officer
William F. Gifford Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANHEUSER-BUSCH INBEV-21.51%133 937
HEINEKEN N.V.-6.81%60 950
BUDWEISER BREWING COMPANY APAC LIMITED5.13%46 735
AMBEV S.A.-22.76%42 726
CONSTELLATION BRANDS, INC.7.88%39 469
HEINEKEN HOLDING N.V.-10.07%26 738