Anheuser-Busch InBev Crushes Estimates
Anheuser-Busch InBev (NYS: BUD) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Anheuser-Busch InBev met expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Anheuser-Busch InBev reported revenue of $9.87 billion. The 10 analysts polled by S&P Capital IQ expected to see revenue of $9.80 billion on the same basis. GAAP reported sales were 4.2% higher than the prior-year quarter's $9.47 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.23. The four earnings estimates compiled by S&P Capital IQ predicted $0.92 per share on the same basis. GAAP EPS of $1.11 for Q4 were 82% higher than the prior-year quarter's $0.61 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.3%, 360 basis points better than the prior-year quarter. Operating margin was 35.9%, 560 basis points better than the prior-year quarter. Net margin was 18.7%, 850 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $9.35 billion.
Next year's average estimate for revenue is $40.51 billion. The average EPS estimate is $4.23.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Anheuser-Busch InBev is outperform, with an average price target of $63.26.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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