Molson Coors Beverage Company (TAP) has posted fourth-quarter 2023 results, wherein the bottom and top lines surpassed their respective Zacks Consensus Estimate. The top line also improved year over year. The quarterly results have gained from brand strength and strong performances across the company's portfolio and both business units. However, the ongoing macroeconomic environment acted as a deterrent.This currently Zacks Rank #3 (Hold) company has gained 4% in the past three months against the industry’s ...

Molson Coors Brewing (TAP) reported $2.79 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.1%. EPS of $1.19 for the same period compares to $1.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.77 billion, representing a surprise of +0.58%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $1.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Molson Coors Beverage Co. ‘s stock TAP, +3.12% rose 2.9% premarket after the company posted stronger-than-expected earnings for the fourth quarter. The company had net income of $103.3 million, or 48 cents a share, for the quarter, after a loss of $590.5 million, or $2.73 a share, in the year-earlier period. The year-earlier number included noncash impairment charges. Adjusted per-share earnings came to $1.19, ahead of the $1.12 FactSet consensus. Sales rose to $2.791 billion from $2.629 billion a year ago ...

Unionized Fort Worth Molson Coors brewery workers authorized a strike on Sunday, according to a local report.  If approved by Teamsters Local 997 national leaders, 420 workers will walk off the job, WFAA reported."We're working to get back some respect in the workplace," chapter treasurer Rick Miedema told the TV station Sunday. "The company has made record profits over the last several years, and it's time to give back the dignity and respect to the workers."  The union is seeking pay raises, improved heal ...

In its upcoming report, Molson Coors Brewing (TAP) is predicted by Wall Street analysts to post quarterly earnings of $1.12 per share, reflecting a decline of 13.9% compared to the same period last year. Revenues are forecasted to be $2.77 billion, representing a year-over-year increase of 5.4%.Over the last 30 days, there has been an upward revision of 4.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Molson Coors Beverage Company (TAP) is expected to register top-line growth when it reports fourth-quarter 2023 earnings on Feb 13. The Zacks Consensus Estimate for the company’s fourth-quarter revenues is pegged at $2.8 billion, suggesting 5.4% growth from the prior-year period’s reported figure.The consensus mark for earnings has moved down by a penny in the past 30 days to $1.12 per share. It suggests a decline of 13.9% from the year-ago reported figure.In the last reported quarter, this leading alcohol ...

Molson Coors Brewing (TAP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Molson Coors Brewing (TAP) . This company, which is in the Zacks Beverages - Alcohol industry, shows potential for another earnings beat.This beer maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. ...

Acquisition Solidifies Tilray's Leadership Position in Cannabis Beverages with ~40% Market Share Truss Facility Bolsters Tilray's Beverage Operations in Canada LEAMINGTON, Ontario, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray Brands", "Tilray" or the "Company") ((Nasdaq, TSX:TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the completion of its acquisition of Truss Beverage Co. ("Truss Beverage") from Molson Coors Beverage Company ("Molson Co ...