Erste Group Bank Has Bearish Outlook for BUD FY2026 Earnings

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for Anheuser-Busch InBev to $4.58 from $4.61, though the revised forecast remains above the analyst consensus of $4.39.
• AB InBev exceeded expectations in its latest quarter, reporting $1.21 in EPS versus $1.09 expected and $16.66 billion in revenue versus $16.23 billion forecast; revenue rose 11% year over year.
• BUD traded at $81.38, down 0.7%, while analysts maintained an overall “Moderate Buy” rating with an average price target of $87.83.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) - Analysts at Erste Group Bank reduced their FY2026 earnings per share estimates for shares of Anheuser-Busch InBev SA/NV in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now expects that the consumer goods maker will earn $4.58 per share for the year, down from their prior estimate of $4.61. The consensus estimate for Anheuser-Busch InBev SA/NV's current full-year earnings is $4.39 per share.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.12. The business had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $16.23 billion. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share.

BUD has been the topic of a number of other reports. Barclays reissued a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 15th. Morgan Stanley cut their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating on the stock in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of "Moderate Buy" and an average target price of $87.83.

Anheuser-Busch InBev SA/NV Trading Down 0.7%

NYSE BUD opened at $81.38 on Wednesday. Anheuser-Busch InBev SA/NV has a 12 month low of $59.64 and a 12 month high of $86.60. The firm has a market capitalization of $164.33 billion, a P/E ratio of 17.24 and a beta of 0.57. The business has a fifty day simple moving average of $78.74 and a 200 day simple moving average of $77.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $101,000. Great Lakes Retirement Inc. grew its position in Anheuser-Busch InBev SA/NV by 1.0% in the third quarter. Great Lakes Retirement Inc. now owns 26,468 shares of the consumer goods maker's stock worth $1,945,000 after acquiring an additional 273 shares in the last quarter. Roman Butler Fullerton & Co. bought a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at $179,000. Gratus Wealth Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 4.5% in the third quarter. Gratus Wealth Advisors LLC now owns 3,900 shares of the consumer goods maker's stock valued at $287,000 after acquiring an additional 167 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in Anheuser-Busch InBev SA/NV by 3.3% during the third quarter. Apollon Wealth Management LLC now owns 4,876 shares of the consumer goods maker's stock valued at $358,000 after purchasing an additional 158 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world's largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium's Interbrew and Brazil's AmBev in 2004.

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