Anheuser-Busch InBev ($BUD), otherwise known as the company behind Budweiser and Bud Light, is the biggest brewer in the world. Whether or not the world's rising propensity to crack a cold one, pour a shot, or drink a ton of wine, will help Big Bud out remains to be seen.
Thursday, May 7th, the company has its Q1 earnings call, and the expectation is that the Coronavirus will continue to have a negative impact on the top line, as it did in Q4 2019. The bottom line, though, will still be good as long as people want to drink their problems away.
The Zacks Consensus Estimate is for EPS of $0.18, but challenges loom for Bid. One of the biggest issues is the fact that authorities in various countries shutting down manufacturing facilities owned by Anheuser-Busch. As a result, you notice the stock being cut in half from where it was in January.
The key data point we see affecting the company going into the summer is the fall in hiring. Job postings have also been cut in half since February, and there's a chance the worldwide production of alcohol and beer begins to slip if working capacity isn't filled to normal levels.
All of this slightly sour news hasn't stopped Anheuser-Busch products being popular, because people REALLY like their beer and want more of it, it turns out. From the start of February until now, Bud's Twitter followers have gone up a whopping 10% to break 200K. And the now-unfortunately-titled Corona beer has even seen a spike in followers, going up 23% in the last three months.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
