The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Anheuser-Busch InBev met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share shrank. GAAP earnings per share contracted.
Gross margins expanded, operating margins grew, net margins shrank.
Anheuser-Busch InBev reported revenue of $10.29 billion. The nine analysts polled by S&P Capital IQ wanted to see a top line of $10.22 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.12. The three earnings estimates compiled by S&P Capital IQ forecast $1.20 per share. Non-GAAP EPS of $1.12 for Q4 were 8.9% lower than the prior-year quarter's $1.23 per share. GAAP EPS of $1.02 for Q4 were 12% lower than the prior-year quarter's $1.16 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 60.1%, 80 basis points better than the prior-year quarter. Operating margin was 35.7%, 100 basis points better than the prior-year quarter. Net margin was 17.1%, 160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $9.72 billion. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $45.70 billion. The average EPS estimate is $4.91.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 273 members out of 297 rating the stock outperform, and 24 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Anheuser-Busch InBev a green thumbs-up, and four give it a red thumbs-down.
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 $93.93.
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