Molson Coors Brewing (TAP) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this beer maker would post earnings of $1.68 per share when it actually produced earnings of $1.92, delivering a surprise of 14.29%.Over the last four quarters, the co ...

Molson Coors Beverage Company (TAP) is expected to register top and bottom-line declines when it reports third-quarter 2024 earnings on Nov. 7, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.1 billion, indicating a 4.8% decline from the prior-year reported figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus mark for earnings has moved down a penny in the past 30 days to $1.66 per share, indicating a decline of 13.5% from the year-ago r ...

Molson Coors Beverage Company (TAP) has seen its stock price fall 18.2% in the past six months against the industry's 9% growth. This decline has raised concerns among investors about the company's prospects. To understand the situation, it's essential to examine the factors contributing to this decline and evaluate the company's long-term strategies. Image Source: Zacks Investment Research At the current price of $54.60, the stock trades below its 52-week high of $69.18 achieved on April 9, 2024. The curre ...

Molson Coors Beverage Company (TAP) appears to be in good shape, thanks to the immense strength in its brands and strong performances across its portfolio. Smooth progress of the Acceleration Plan and the premiumization of its portfolio have been aiding results. The company has been seeing strong success in EMEA&APAC, Canada and Latin America. However, in the United States, it has plans on track to drive improvement. Let us delve deeper. Details on Molson Coors' Strategies Last year, Molson Coors introduced ...

Key Takeaways On a day when tech shares were leading markets lower, investors decided it was time for a beer. The S&P 500's consumer staples sector was recently the best-performing sector in the index, up nearly 1%. Most of its component stocks rose, though a few retailers were sliding in recent trading. On a day when tech shares were leading markets lower, investors decided it was time for a beer. The S&P 500's consumer staples sector was recently up about 1.1%, rising as tech stocks were pulling the bench ...

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Jack Andersen/DigitalVision via Getty Images Molson Coors Beverage Company (NYSE:TAP) continues to report beneficial quarterly figures from its ongoing strategy of premiumization of the portfolio, mainly in the EMEA and APAC regions. Even if the volume declines, in my view, TAP could deliver net sales growth driven by successful favorable price and sales mix. I also expect that inorganic growth could bring additional net income growth. In my view, the company's net debt/EBITDA and expertise in acquiring tar ...

Molson Coors Beverage Company (TAP) seems well-poised for growth, thanks to its sturdy business strategies. The company has been gaining from brand strength and robust performances across its portfolio and geographical segments. Smooth progress on its Acceleration Plan also bodes well. The company is on track with its revitalization plan, which focuses on achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. It intends to invest in ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The ...

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 ...