Analysts surveyed by FactSet are looking for the Brazilian brewing company to report earnings of 6 cents per share on revenue of $3.29 billion.
In the same quarter last year, Ambev posted earnings of 5 cents per share on revenue of $2.80 billion.
Goldman Sachs recently reinstated coverage of the stock with a "buy" rating and $6.80 price target.
The firm had previously halted its coverage of Ambev shares pending AB InBev (BUD) and SABMiller's $100 billion merger, which closed on October 10. AB InBev is a controlling shareholder of Ambev.
Goldman Sachs said that the Latin American beverage market is "evolving."
Separately, TheStreet Ratings objectively rated Ambev stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: ABEV