Anheuser-Busch InBev Q4 Earnings Preview: Bud Light Recovery, Super Bowl Impact, Cramer Cautions 'People Don't Seem To Like The Beer Companies'
Portfolio Pulse from Chris Katje
Anheuser-Busch InBev SA (NYSE:BUD) is set to report its Q4 earnings with analysts expecting a revenue of $15.50 billion, a slight decline from Q3's $15.57 billion but an increase from last year's $14.67 billion. Earnings per share are anticipated to be 78 cents, down from 86 cents in the previous year. The company aims for a full-year EBITDA growth of 4% to 8%. Analyst ratings are mixed, with a notable downgrade from Exane BNP Paribas and an upgrade from Jefferies. Jim Cramer prefers Constellation Brands (NYSE:STZ) over BUD, citing better growth opportunities. BUD's recovery from a boycott and its marketing strategies, including Super Bowl ads and sports sponsorships, are key points of interest for investors.
February 28, 2024 | 7:11 pm
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POSITIVE IMPACT
Constellation Brands is preferred by Jim Cramer over BUD due to better growth opportunities and cash flow. STZ's diverse portfolio, including a wine business, is highlighted.
Cramer's preference for STZ over BUD, citing better growth opportunities and cash flow, could positively influence STZ's short-term stock performance. The mention of a possible sale of its wine business adds to its appeal.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Anheuser-Busch InBev is anticipated to report a slight revenue increase in Q4 compared to last year but a decrease in EPS. The company's marketing efforts and recovery from a boycott are in focus.
The mixed analyst ratings and the company's efforts to recover Bud Light's brand image through marketing and sponsorships suggest a neutral short-term impact. The anticipation of revenue growth could balance concerns over declining EPS.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Molson Coors Beverage Co was mentioned by Jim Cramer as one of the beer companies he liked, despite cautioning that the sector is not highly favored by investors.
The mention of TAP by Cramer as a liked company in the beer sector suggests a neutral impact, balanced by his caution about the general sentiment towards beer companies.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50