Carlsberg AS (CABGY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Si ...

Investors with an interest in Beverages - Alcohol stocks have likely encountered both Carlsberg AS (CABGY) and Diageo (DEO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision t ...

Jessica Zheng En Chew Investment summary My recommendation for Carlsberg (CABGY) is a buy rating. There is a strong growth outlook in the key regions for CABGY, especially in China and India, that should continue to drive organic growth. There are also visible catalysts in Europe that should drive volume recovery—specifically, warmer weather and an upcoming sports event. As earnings grow, I expect CABGY to trade back to its historical average forward PE multiple of 19x. Business Overview CABGY produces, mar ...

THORKILD AMDI/AFP via Getty Images Overview My recommendation for Carlsberg (OTCPK:CABGY) is a buy rating as I believe growth can revert back to mid-single-digit as guided, with margin expanding as gross margin improves to pre-covid levels on the back of the premiumization trend and operational leverage. Valuation should also rerate back to CABGY average trading levels as the market becomes convinced that CABGY mid-single-digit growth is achievable and sustainable. Business Carlsberg is a well-known brand a ...

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Carlsberg AS (CABGY) or Diageo (DEO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimat ...

Carlsberg A/S (OTCPK:CABGY) Q4 2023 Results Conference Call February 7, 2024 3:30 AM ET Company Participants Jacob Aarup-Andersen - CEO Ulrica Fearn - CFO Conference Call Participants Andrea Pistacchi - Bank of America Edward Mundy - Jefferies Gen Cross - BNP Paribas Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Richard Withagen - Kepler Cheuvreux Sanjeet Aujla - UBS Simon Hales - Citi Søren Samsøe - SEB Trevor Stirling - Bernstein Jacob Aarup-Andersen Thank you ve ...

Beer sales of Carlsberg brands were forced to rely on price hikes during 2023 and may continue with this strategy in the new financial year, the Danish brewer revealed on Wednesday. Revenues 4.7% to reach more than DKK 73.5 billion (£1 = DKK 8.75) despite organic volumes falling by 0.5% across all operations. Volumes in Central and Eastern Europe dropped by 4%, while Western Europe experienced a 2.3% drop. Brooklyn Brewery was one of Carlberg’s standout brands, seeing a 34% jump in organic volumes, while al ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carlsberg AS (CABGY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Carlsberg AS is one of 193 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks ...

Diageo PLC (LSE:DGE), the spirits company, has been downgraded from a ‘buy’ to ‘neutral’ by analysts at the Bank of America. The US bank expects the beverage sector to face a tough 2024 due to suppressed consumer spend on both sides of the Atlantic, foreign exchange headwinds and the risk of tariffs on Cognac in China. “We downgrade to Neutral because we expect the US, which is key to sentiment and to valuation, to remain lackluster and disappoint, holding back rerating,” the bank explained. Industry growth ...

Carlsberg A/S (OTCPK:CABGY) Q3 2023 Earnings Conference Call October 31, 2023 4:30 PM ET Company Participants Jacob Aarup-Andersen - Chief Executive Officer Ulrica Fearn - Chief Financial Officer Conference Call Participants Andrea Pistacchi - Bank of America Merrill Lynch Simon Hales - Citigroup Inc. Edward Mundy - Jefferies Trevor Stirling - Bernstein Søren Samsøe - SEB Olivier Nicolai - Goldman Sachs Mitch Collett - Deutsche Bank Laurence Whyatt - Barclays Chris Pitcher - Redburn Atlantic André Thormann ...