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 Brazil, primarily known for its beer production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and revenues.

$0.04

Revenue

Total revenue is essential for understanding 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 Q2-2018 Earnings Preview

Context

Company Snapshot

Ambev S.A. is a leading beverage company in Brazil, primarily known for its beer production. Operating in the consumer staples sector, it plays a crucial role in the brewing industry, catering to a diverse consumer base with a variety of products.

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 above expectations, but the stock dropped by 3.51% the following day. This reflects the market's cautious sentiment despite the positive earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Ambev to report an EPS of $0.04 and revenue of $22.2B for Q2-2018. The market is watching closely for any signs of growth or challenges in sales.

Bull Case

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

Bear Case

Conversely, if the company misses its targets, it may raise concerns about market share loss or increased competition, leading to a negative reaction from investors.

Key Metrics to Watch

EPS

$0.04

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and revenues.

Revenue

$22.2B

Total revenue is essential for understanding 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 $22.2B?

Revenue performance is critical in assessing the company's market position and growth potential, especially in a competitive landscape.

How will management address cost pressures and pricing strategies?

Understanding how Ambev plans to manage costs and pricing can provide insights into its profitability and ability to maintain margins.

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, despite current economic pressures.

Supporting Evidence

Ambev's recent product launches have not been fully factored into revenue projections.

Historical data shows that the company has consistently beaten EPS estimates, suggesting potential for positive surprises.

Key Risk

If revenue growth comes in below $21.7B, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on revenue performance as a key indicator of Ambev's health in a competitive industry.

Bull Confirmed If

Revenue growth exceeding $22.2B would confirm strong market demand and operational efficiency.

Bear Confirmed If

Revenue falling below $21.7B would indicate potential challenges in maintaining market share.

Pre-Earnings Positioning

Options Market

Implied Move

±7.28%

Historical Avg

±2.6%

Pricing rich

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

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 the stock could rise by around 4.7%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 3%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their initial sales performance.
2Management's commentary on cost management strategies amid inflationary pressures.
3Insights into market share trends compared to competitors.
4Details on consumer behavior shifts post-pandemic.
5Any guidance on future revenue expectations or capital expenditures.

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 Brazil, primarily known for its beer production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and revenues.

$0.04

Revenue

Total revenue is essential for understanding 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 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

Analysts expect Ambev to report an EPS of $0.04 and revenue of $22.2B for Q2-2018. The market is watching closely for any signs of growth or challenges in sales.

Bull Case

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

Bear Case

Conversely, if the company misses its targets, it may raise concerns about market share loss or increased competition, leading to a negative reaction from investors.

Key Metrics to Watch

EPS

$0.04

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and revenues.

Revenue

$22.2B

Total revenue is essential for understanding 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 $22.2B?

Revenue performance is critical in assessing the company's market position and growth potential, especially in a competitive landscape.

How will management address cost pressures and pricing strategies?

Understanding how Ambev plans to manage costs and pricing can provide insights into its profitability and ability to maintain margins.

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, despite current economic pressures.

Supporting Evidence

Ambev's recent product launches have not been fully factored into revenue projections.

Historical data shows that the company has consistently beaten EPS estimates, suggesting potential for positive surprises.

Key Risk

If revenue growth comes in below $21.7B, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on revenue performance as a key indicator of Ambev's health in a competitive industry.

Bull Confirmed If

Revenue growth exceeding $22.2B would confirm strong market demand and operational efficiency.

Bear Confirmed If

Revenue falling below $21.7B would indicate potential challenges in maintaining market share.

Pre-Earnings Positioning

Options Market

Implied Move

±7.28%

Historical Avg

±2.6%

Pricing rich

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

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 the stock could rise by around 4.7%, confirming a positive outlook.

In-Line / Cautious

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

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 3%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their initial sales performance.
2Management's commentary on cost management strategies amid inflationary pressures.
3Insights into market share trends compared to competitors.
4Details on consumer behavior shifts post-pandemic.
5Any guidance on future revenue expectations or capital expenditures.