Anheuser-Busch InBev (NYSE: BUD) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Anheuser-Busch InBev missed estimates on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share increased. GAAP earnings per share grew significantly.

Gross margins dropped, operating margins dropped, net margins grew.

Revenue details
Anheuser-Busch InBev chalked up revenue of $9.17 billion. The nine analysts polled by S&P Capital IQ expected a top line of $9.49 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 details
EPS came in at $1.16. The two earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. Non-GAAP EPS of $1.16 for Q1 were 10% higher than the prior-year quarter's $1.05 per share. GAAP EPS of $1.28 for Q1 were 21% higher than the prior-year quarter's $1.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 57.4%, 130 basis points worse than the prior-year quarter. Operating margin was 30.0%, 90 basis points worse than the prior-year quarter. Net margin was 22.4%, 430 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $10.30 billion. On the bottom line, the average EPS estimate is $1.13.

Next year's average estimate for revenue is $45.48 billion. The average EPS estimate is $4.86.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 276 members out of 300 rating the stock outperform, and 24 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Anheuser-Busch InBev a green thumbs-up, and five 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 $104.94.

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