On Tuesday 14 October, SABMiller is expected to release its second-quarter results. The markets are expecting the adjusted earnings per share to have increased from $1.216 up to $1.294, backed up by sales figures that are called to jump from $8.518 billion to $13.732 billion. All of this should see the company’s pre-tax profits improve from $2.394 billion up to $2.732 billion.
SABMiller’s last quarter was dominated by the company’s ultimately unsuccessful attempts to acquire Dutch beer brewer Heineken.
Traders are split between thinking this is a preemptive defensive move to ward off any attempts from AB InBev from launching its own bid to acquire SAB, or merely another step in market coverage and company profitability.