Equity Profile

ABEV

Ambev S.A.

Consumer StaplesBrewers$50.0B

May5Tue

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

Ambev S.A. is a leading beverage company in the consumer staples sector, primarily known for its beer production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$0.04

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$22.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ABEV Q1-2026 Earnings Preview

Context

Company Snapshot

Ambev S.A. is a leading beverage company in the consumer staples sector, primarily known for its beer production. With a market cap of $50 billion, it plays a significant role in the brewing industry, catering to consumer demand for alcoholic and non-alcoholic beverages.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

+0.63%

Avg Stock Reaction

-1.61%

Last Quarter Recap

In the last quarter, Ambev reported stable earnings, maintaining its position in the competitive brewing market. However, there were concerns about market pressures affecting sales growth.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Ambev to report earnings in line with consensus estimates, reflecting cautious optimism in the brewing sector. The market is closely watching for any signs of growth or challenges in revenue.

Bull Case

If Ambev exceeds revenue expectations, it could signal strong consumer demand and effective management strategies, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses earnings or revenue targets, it may raise concerns about market share and competitive pressures, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.04

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$22.2B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Ambev's revenue exceed the consensus estimate of $22.2 billion?

This figure is crucial as it reflects the company's ability to capture market demand and manage costs effectively.

What insights will management provide regarding consumer trends and market challenges?

Understanding market dynamics will help investors assess future growth prospects and potential risks.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent marketing initiatives that could drive higher sales than anticipated.

Supporting Evidence

Options are pricing a 5.93% move, indicating higher expectations than historical averages suggest.

Insider selling activity could reflect a lack of confidence in the near-term outlook, contrasting with market optimism.

Key Risk

If revenue comes in below $21.7 billion, it could challenge the optimistic consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on Ambev's ability to navigate current economic conditions and maintain its competitive edge.

Bull Confirmed If

Revenue growth exceeding $22.2 billion would indicate strong market performance and consumer demand.

Bear Confirmed If

A revenue miss below $21.7 billion could signal underlying issues in sales or market competition.

Pre-Earnings Positioning

Options Market

Implied Move

±5.93%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±5.9% while ABEV has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

30d HV

29.8%

Calls (11K)P/C Ratio: 0.49Puts (800)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$492,180.06

173,357 sh

2 insiders

Net

$492,180.06

Net selling

Most Active Insiders· 2 open-market trades

See RemarksCavalcanti de Lacerda Eduardo Braga
$434,300.10

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

6.99%

of float

Insider

0.00%

of float

Holders

478

institutions

Top Holders· as of Dec 2025

First Eagle Investment Management, LLC
336,057,984 sh · $967.8M
2.13%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ambev beats expectations, history suggests a potential average move of +4.74%, confirming strong market demand.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may react neutrally, reflecting uncertainty.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of -4.74%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or marketing strategies.
2Insights into consumer behavior trends in key markets.
3Management's outlook on competitive pressures and pricing strategies.
4Comments on cost management and supply chain challenges.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Ambev S.A. is a leading beverage company in the consumer staples sector, primarily known for its beer production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$0.04

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$22.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

ABEV Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

+0.63%

Avg Stock Reaction

-1.61%

Last Quarter Recap

In the last quarter, Ambev reported stable earnings, maintaining its position in the competitive brewing market. However, there were concerns about market pressures affecting sales growth.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Ambev exceeds revenue expectations, it could signal strong consumer demand and effective management strategies, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses earnings or revenue targets, it may raise concerns about market share and competitive pressures, leading to a negative reaction.

Key Metrics to Watch

EPS

$0.04

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$22.2B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Ambev's revenue exceed the consensus estimate of $22.2 billion?

This figure is crucial as it reflects the company's ability to capture market demand and manage costs effectively.

What insights will management provide regarding consumer trends and market challenges?

Understanding market dynamics will help investors assess future growth prospects and potential risks.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent marketing initiatives that could drive higher sales than anticipated.

Supporting Evidence

Options are pricing a 5.93% move, indicating higher expectations than historical averages suggest.

Insider selling activity could reflect a lack of confidence in the near-term outlook, contrasting with market optimism.

Key Risk

If revenue comes in below $21.7 billion, it could challenge the optimistic consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on Ambev's ability to navigate current economic conditions and maintain its competitive edge.

Bull Confirmed If

Revenue growth exceeding $22.2 billion would indicate strong market performance and consumer demand.

Bear Confirmed If

A revenue miss below $21.7 billion could signal underlying issues in sales or market competition.

Pre-Earnings Positioning

Options Market

Implied Move

±5.93%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±5.9% while ABEV has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

30d HV

29.8%

Calls (11K)P/C Ratio: 0.49Puts (800)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$492,180.06

173,357 sh

2 insiders

Net

$492,180.06

Net selling

Most Active Insiders· 2 open-market trades

See RemarksCavalcanti de Lacerda Eduardo Braga
$434,300.10

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

6.99%

of float

Insider

0.00%

of float

Holders

478

institutions

Top Holders· as of Dec 2025

First Eagle Investment Management, LLC
336,057,984 sh · $967.8M
2.13%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ambev beats expectations, history suggests a potential average move of +4.74%, confirming strong market demand.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may react neutrally, reflecting uncertainty.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of -4.74%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or marketing strategies.
2Insights into consumer behavior trends in key markets.
3Management's outlook on competitive pressures and pricing strategies.
4Comments on cost management and supply chain challenges.