Post-earnings recap
Reported
Tue, May 5, 2026
EPS actual
$0.97
EPS est.
$0.90
EPS surprise
+8.02%
1-day move
+8.74%
Anheuser-Busch InBev reported better-than-expected earnings per share for Q1-2026, which contributed to a significant stock increase of 8.74%. The positive surprise in EPS indicates stronger profitability than analysts anticipated. However, revenue figures were not disclosed, leaving some uncertainty about overall sales performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.97 | $0.91 | +8.02% |
| Revenue | N/A | $14.7B | N/A |
No transcript is on record, and the analysis is based on numerical results only.
Anheuser-Busch InBev SA/NV is a leading global brewer known for its extensive portfolio of beer brands, including Budweiser and Stella Artois. As a major player in the consumer staples sector, the company is influenced by trends in consumer spending and preferences for alcoholic beverages.
Last quarter
In the last quarter, Anheuser-Busch reported an EPS of $0.95, exceeding expectations by nearly 5%. The stock reacted positively, gaining 3.81% the following day.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+7.96%
Avg 1-day reaction
+0.28%
Analysts expect a solid performance this quarter, with a consensus EPS of $0.91 and revenue of $14.7 billion. The company has consistently beaten EPS estimates in recent quarters.
Bull case
If the company continues its trend of outperforming estimates, it could signal strong brand loyalty and effective cost management, driving stock prices higher.
Bear case
On the other hand, any signs of declining sales or increased competition could lead to disappointing results, negatively impacting investor sentiment.
Key metrics to watch
EPS
$0.91Earnings per share is a key indicator of profitability and helps gauge the company's financial health.
Revenue
$14.7BTotal revenue reflects the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $0.91?
A beat on EPS would reinforce the company's strong performance trend and could lead to positive market reactions.
Q2
What are the revenue figures compared to the $14.7 billion consensus?
Revenue performance will indicate consumer demand and the company's market position, which are critical for future growth.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
Why consensus could be wrong
The consensus may underestimate the company's ability to maintain pricing power in a competitive market, especially if premium brands gain traction.
Supporting evidence
The company has consistently beaten EPS estimates, indicating stronger operational performance than expected.
Recent trends in consumer spending suggest a potential rebound in demand for premium alcoholic beverages.
The options market is pricing a significant move, suggesting that traders anticipate volatility that could favor a positive surprise.
Key risk
If revenue comes in below $14.1 billion, it could undermine the bullish sentiment around the stock.
Pre-commit to what would confirm each case.
The market is debating whether the company's growth can continue amid changing consumer preferences and competitive pressures.
Bull confirmed if
Earnings exceeding $0.91 with revenue above $14.7 billion would confirm the bullish outlook.
Bear confirmed if
If EPS falls below $0.89 and revenue is below $14.1 billion, it would support the bearish case.
What the market is pricing for the move.
Implied Move
±5.6%
Historical Avg
±5.6%
The options market is pricing in a potential move of about 5.6% in either direction following the earnings report.
Options are pricing ±6.3% while BUD has averaged ±5.6% over the last 8 prints — setup is roughly in line with history.
ATM IV
0.8%
30d HV
25.5%
Smart-money positioning from the most recent 13F filings.
Institutional
5.57%
of float
Insider
0.00%
of float
Holders
713
institutions
Top Holders· as of Jun 2026
Dodge & Cox Inc.
29,477,348 sh · $2.2B
1.64%
-0.7%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Anheuser-Busch beats expectations, history suggests a potential stock increase of around 3.6%, confirming strong operational performance.
In line / cautious
An in-line report may lead to muted reactions as investors assess management's commentary on future growth.
Miss
A miss could result in a decline, with historical data suggesting an average drop of 0.13% when expectations are not met.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
0 buys·1 sell
Members
1
House only
Est. Notional
$1,001.00–$15,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Fisher Asset Management, LLC
12,452,441 sh · $929.2M
0.69%
4.5%
Morgan Stanley
3,963,862 sh · $295.8M
0.22%
2.5%
FMR, LLC
3,264,513 sh · $243.6M
0.18%
21.5%
Wellington Management Group, LLP
3,190,248 sh · $238.1M
0.18%
10464.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net selling
Recent Transactions
Traded Aug 18, 2026 · disclosed Sep 1, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.