Molson Coors Stock: Analyst Estimates & Ratings

Company Overview - Molson Coors Beverage Company (TAP) is based in Golden, Colorado, and is valued at $9.3 billion, producing iconic beer brands such as Coors Light, Miller Lite, and Keystone [1] Stock Performance - TAP shares have underperformed the broader market, declining 22.1% over the past year compared to a 14.1% increase in the S&P 500 Index [2] - Year-to-date (YTD) performance shows TAP down 17.7%, while the S&P 500 is up 16.4% [2] - TAP has also lagged behind the First Trust Nasdaq Food & Beverage ETF (FTXG), which has declined 12.2% over the past year [3] Q3 Financial Results - On November 4, TAP reported Q3 results with an adjusted EPS of $1.67, missing Wall Street expectations of $1.72 [4] - The company's revenue for the quarter was $2.97 billion, falling short of forecasts of $3.02 billion [4] Earnings Forecast - For the current fiscal year ending in December, analysts expect TAP's EPS to decline by 9.6% to $5.39 on a diluted basis [5] - TAP's earnings surprise history is mixed, beating consensus estimates in two of the last four quarters [5] Analyst Ratings - Among 21 analysts covering TAP, the consensus rating is a "Hold," with five "Strong Buy," one "Moderate Buy," 13 "Holds," and two "Strong Sells" [5] - The overall rating has become more bearish compared to two months ago, with one analyst suggesting a "Strong Sell" [6] Price Targets - The mean price target for TAP is $50.63, representing a 7.4% premium to current price levels [7] - The highest price target of $72 suggests a notable upside potential of 52.7% [7]