Wall Street is expecting higher profit for Anheuser-Busch InBev when the company reports its third quarter results on Friday, October 31, 2014. The consensus estimate is calling for profit of $1.50 a share, a rise from $1.36 per share a year ago.
Over the past three months, the consensus estimate has fallen from $1.53. For the fiscal year, analysts are expecting earnings of $5.30 per share. Revenue is expected to be $12.50 billion for the quarter, 22% higher than the year-earlier total of $10.27 billion. For the year, revenue is projected to come in at $47.64 billion.
The majority of analysts (83%) rate Anheuser-Busch as a buy. This compares favorably to the analyst ratings of six similar companies, which average 52% buys.
Anheuser-Busch InBev is engaged in the business of brewer and consumer products. Boston Beer, also in the beverages (alcoholic) industry, will report earnings on Thursday, October 30, 2014. Analysts are expecting earnings of $2.35 per share for Boston Beer, up 24% from last year's earnings of $1.89 per share. Other companies in the beverages (alcoholic) industry with upcoming earnings release dates include: Compania Cervecerias Unidas S.A and Molson Coors.
Earnings estimates provided by Zacks.
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