TAP Stock Recent News

Investors interested in stocks from the Beverages - Alcohol sector have probably already heard of Molson Coors Brewing (TAP) and The Duckhorn Portfolio, Inc. (NAPA). But which of these two stocks is more attractive to value investors?

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

This brewer gained a lot of market shares last year and now they are stepping up their ad spend to increase their customer base.

Investors interested in Beverages - Alcohol stocks are likely familiar with Molson Coors Brewing (TAP) and The Duckhorn Portfolio, Inc. (NAPA). But which of these two stocks offers value investors a better bang for their buck right now?

Molson Coors Beverage Company (TAP) Q4 2023 Earnings Call Transcript

Molson Coors gained market share after the Bud Light boycott last year. Now executives believe they can maintain the growth they've seen in the last year.

Molson Coors Beverage Co (NYSE:TAP) traded lower late morning on Tuesday despite the beer maker forecasting higher sales for 2024 than expected by Wall Street analysts. Molson Coors expects to see its sales rise by a low-single-digit percentage over 2023 this year compared to estimates of a 0.7% increase, driven by resilient demand for its core brands and higher prices.

Molson Coors' (TAP) fourth-quarter 2023 results benefit from brand strength and impressive performances across both its business units.

Although the revenue and EPS for Molson Coors (TAP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.