Equity Profile

ABEV

Ambev S.A.

Consumer StaplesBrewers$50.0B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2018Pre-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

Earnings Per Share (EPS)

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

$0.04

Revenue

Revenue reflects the overall sales performance and growth of the company, which is crucial for assessing market demand.

$22.2B

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

ABEV Q2-2018 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, producing a variety of popular brands that cater to diverse consumer preferences.

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 an EPS of $0.16, which was higher than expected, but the stock fell by 3.51% the following day. This indicates that despite strong earnings, investor sentiment may have been influenced by other factors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Ambev's upcoming earnings, expecting an EPS of $0.04 and revenue of $22.2 billion. The market is closely watching for any signs of growth or challenges in the brewing sector.

Bull Case

If Ambev exceeds earnings expectations and shows strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company misses its targets or provides weak guidance, it may raise concerns about market share and profitability, potentially leading to a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

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

Revenue

$22.2B

Revenue reflects the overall sales performance and growth of the company, which is crucial for assessing market demand.

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?

Revenue growth is crucial for assessing the company's market position and demand for its products, especially in a competitive sector.

How will management address potential challenges in the brewing market?

Investors will be keen to hear about strategies to navigate market pressures, which could significantly impact future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Ambev's ability to adapt to market changes, especially given its strong brand portfolio.

Supporting Evidence

Ambev has consistently beaten EPS expectations, indicating a potential for continued strong performance.

The options market is pricing a larger move than historical averages, suggesting that investors may be overly cautious.

Key Risk

If revenue comes in below $21.7 billion, it could challenge the current optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is pivotal as it will reveal how well Ambev is managing its growth amidst industry challenges.

Bull Confirmed If

A revenue figure above $22.2 billion would confirm strong demand and growth potential.

Bear Confirmed If

A revenue miss below $21.7 billion could indicate weakening market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±7.28%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move of over 7% in either direction, indicating heightened uncertainty ahead of the earnings report.

Options are pricing ±7.3% while ABEV has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

52.7%

Calls (4K)P/C Ratio: 0.00Puts (200)

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 stock increase of around 4.74%, confirming strong market demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

If the company misses earnings, history suggests a potential decline of around 4.74%, raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on market share trends in the brewing sector.
2Management's commentary on cost pressures and pricing strategies.
3Insights into consumer preferences and how they are impacting sales.
4Future guidance on revenue growth and profitability.
5Responses to competitive challenges in the beverage market.

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

Earnings Per Share (EPS)

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

$0.04

Revenue

Revenue reflects the overall sales performance and growth of the company, which is crucial for assessing market demand.

$22.2B

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

ABEV Q2-2018 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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Ambev exceeds earnings expectations and shows strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company misses its targets or provides weak guidance, it may raise concerns about market share and profitability, potentially leading to a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.04

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

Revenue

$22.2B

Revenue reflects the overall sales performance and growth of the company, which is crucial for assessing market demand.

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?

Revenue growth is crucial for assessing the company's market position and demand for its products, especially in a competitive sector.

How will management address potential challenges in the brewing market?

Investors will be keen to hear about strategies to navigate market pressures, which could significantly impact future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Ambev's ability to adapt to market changes, especially given its strong brand portfolio.

Supporting Evidence

Ambev has consistently beaten EPS expectations, indicating a potential for continued strong performance.

The options market is pricing a larger move than historical averages, suggesting that investors may be overly cautious.

Key Risk

If revenue comes in below $21.7 billion, it could challenge the current optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is pivotal as it will reveal how well Ambev is managing its growth amidst industry challenges.

Bull Confirmed If

A revenue figure above $22.2 billion would confirm strong demand and growth potential.

Bear Confirmed If

A revenue miss below $21.7 billion could indicate weakening market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±7.28%

Historical Avg

±2.6%

Pricing rich

The options market is pricing in a significant move of over 7% in either direction, indicating heightened uncertainty ahead of the earnings report.

Options are pricing ±7.3% while ABEV has averaged ±2.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

52.7%

Calls (4K)P/C Ratio: 0.00Puts (200)

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 stock increase of around 4.74%, confirming strong market demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

If the company misses earnings, history suggests a potential decline of around 4.74%, raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on market share trends in the brewing sector.
2Management's commentary on cost pressures and pricing strategies.
3Insights into consumer preferences and how they are impacting sales.
4Future guidance on revenue growth and profitability.
5Responses to competitive challenges in the beverage market.