Shares of Ambev SA (ABEV) soared 5.05% in pre-market trading on Thursday, as investors eagerly await the company's third-quarter earnings report scheduled for release later in the day. The significant uptick suggests market optimism about the brewing giant's financial performance.

Ambev, one of the largest beer producers in Latin America, is expected to report earnings per share of $0.04 for the third quarter, according to analysts' estimates. The pre-market rally indicates that investors may be anticipating results that could exceed these expectations or are hoping for positive forward guidance from the company.

The beverage industry has been navigating challenges such as inflationary pressures and shifting consumer preferences. Ambev's stock movement suggests that market participants believe the company may have successfully managed these hurdles in the past quarter. Investors will be closely watching for signs of revenue growth, market share gains, and any commentary on the company's outlook for the remainder of the year.