Company Overview - Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005 [11] - The company is a global manufacturer and seller of beer and other beverage products, with a diverse portfolio of owned and partner brands including Blue Moon, Miller Lite, CoorsBanquet, Coors Light, and regional brands like Carling and Molson Canadian [11] Investment Analysis - Molson Coors has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [12] - The company has a Momentum Style Score of A, with shares increasing by 0.8% over the past four weeks [12] - For fiscal 2024, nine analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $5.75 per share [12] - Molson Coors boasts an average earnings surprise of 20%, suggesting strong performance relative to expectations [12] - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Molson Coors is recommended for investors' consideration [13]

Key Takeaways Brewing giant Molson Coors topped quarterly revenue and earnings expectations, boosted by an increase in net pricing and favorable sales mix. The company said the results demonstrated progress on its strategic initiatives, including its "Acceleration Plan." Molson Coors shares added more than 5% Tuesday following the earnings release, though they remained in negative territory for 2024. Shares of Molson Coors Beverage Company (TAP) jumped over 5% Tuesday after the brewing giant reported better ...

Molson Coors Beverage Company (TAP) has posted impressive second-quarter 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate and improved year over year. The results have been mainly aided by an improved price and sales mix, offset by adverse currency, and soft financial and brand volumes, led by lower contract brewing volumes. The quarterly results reflect significant progress against the Acceleration Plan. Progress on its premiumization strategy varies across markets. The comp ...

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For the quarter ended June 2024, Molson Coors Brewing (TAP) reported revenue of $3.25 billion, down 0.4% over the same period last year. EPS came in at $1.92, compared to $1.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.68. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Molson Coors Brewing (TAP) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this beer maker would post earnings of $0.71 per share when it actually produced earnings of $0.95, delivering a surprise of 33.80%. Over the last four quarters, the ...

Core Viewpoint - The upcoming earnings report for Molson Coors is anticipated to influence its stock price, with expectations of a decline in revenues and earnings compared to the previous year [1][9]. Revenue and Earnings Estimates - Revenues for the upcoming quarter are projected to be $3.18 billion, reflecting a decrease of 2.7% from the same quarter last year [2]. - The consensus EPS estimate has been revised down by 3.53% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [2][5]. - Molson Coors is expected to report quarterly earnings of $1.68 per share, which represents a year-over-year decline of 5.6% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -1.29% for Molson Coors, suggesting a lower likelihood of an earnings beat [5][20]. - Historically, the company has beaten consensus EPS estimates in the last four quarters, but the current combination of negative ESP and a Zacks Rank of 4 complicates predictions for this quarter [7][22]. Analyst Sentiment and Historical Performance - The Most Accurate Estimate for Molson Coors is lower than the Zacks Consensus Estimate, reflecting a recent shift in analyst sentiment towards a more negative outlook [5]. - In the last reported quarter, the company surprised analysts by delivering earnings of $0.95 per share against an expectation of $0.71, resulting in a positive surprise of +33.80% [16]. Conclusion - Overall, Molson Coors does not appear to be a strong candidate for an earnings beat in the upcoming report, and investors should consider other influencing factors before making investment decisions [25].

Molson Coors Beverage Today TAP Molson Coors Beverage $49.95 -0.21 (-0.42%) ▼ $70.90 Dividend Yield 3.52% P/E Ratio 9.99 Price Target $65.07 Add to Watchlist Molson Coors Beverage Co. NYSE: TAP stock recently fell to 52-week lows as it struggled to maintain any bounce attempts. The negative trajectory took over its price action ever since releasing its Q1 2024 earnings report. The brewer of popular beers and hard seltzers is not alone when it comes to negative year-to-date (YTD) performance, as many of its ...

Molson Coors Beverage Company (TAP) is well-placed for long-term growth, backed by its Revitalization plan and the premiumization of the global brand portfolio. The Revitalization plan is focused on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. Molson Coors delivered against its revitalization plan on a global basis by increasing its dollar share in the United States in the second quarter of 2022 for the first time in over ...

TAP has been making efforts to shape up its product portfolio and expand in growth areas. Its U.S. abovepremium portfolio witnessed sales that outpaced its U.S. economy portfolio, driven by the rapid growth of its hard seltzers, and the continued strength in Blue Moon and Peroni's. Additionally, the company is well-placed, driven by the progress of its revitalization plan. The plan is focused on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands ...