Ambev S.A. ADR (ABEV) Has A Promising Outlook For 2024

Ambev S.A. ADR (NYSE:ABEV) has a beta value of 1.10 and has seen 9.01 million shares traded in the recent trading session. The company, currently valued at $33.66B, closed the recent trade at $2.14 per share which meant it lost -$0.03 on the day or -1.49% during that session. The ABEV stock price is -42.99% off its 52-week high price of $3.06 and -0.93% below the 52-week low of $2.16. The 3-month trading volume is 14.75 million shares.

Ambev S.A. ADR (NYSE:ABEV) trade information

Sporting -1.49% in the red today, the stock has traded in the red over the last five days, when the ABEV stock price touched $2.14 or saw a rise of 4.89%. Year-to-date, Ambev S.A. ADR shares have moved -23.66%, while the 5-day performance has seen it change -2.39%. Over the past 30 days, the shares of Ambev S.A. ADR (NYSE:ABEV) have changed -8.65%.

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Ambev S.A. ADR (ABEV) estimates and forecasts

Figures show that Ambev S.A. ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -20.63% over the past 6 months, with this year growth rate of -5.26%, compared to 8.40% for the industry. Revenue growth from the last financial year stood is estimated to be 3.40%.

2 analysts offering their estimates for the company have set an average revenue estimate of 3.8B for the current quarter. 2 have an estimated revenue figure of 4.18B for the next ending quarter. Year-ago sales stood 3.82B and 4.24B respectively for this quarter and the next, and analysts expect sales will shrink by -0.60% for the current quarter and 3.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.73% over the past 5 years. Earnings growth for 2024 is a modest -4.71% while over the next 5 years, the company’s earnings are expected to increase by 3.70%.

ABEV Dividends

Ambev S.A. ADR is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.00%.