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Molson Coors' (TAP) Q1 results reflect the benefits of brand strength and favorable shipment timing in the United States. However, higher MG&A expenses act as deterrents.
The headline numbers for Molson Coors (TAP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Molson Coors Brewing (TAP) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.54 per share a year ago.
Molson Coors Beverage Co.'s stock TAP, +1.63% rose fractionally in premarket trading on Tuesday after the beer maker said it booked a “strong start” to the year by nearly tripling its net income while revenue jumped 10.7%. Molson Coors said its first-quarter net income rose to $207.8 million, or 97 cents a share, from $72.5 million, or 33 cents a share, in the year-ago quarter.
Molson Coors' (TAP) Q1 earnings results are likely to reflect gains from strategic premiumization, targeted brand investments and efficient cost management.
Beyond analysts' top -and-bottom-line estimates for Molson Coors (TAP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Molson Coors (TAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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.
Malcolm Ethridge, CIC Wealth EVP, joins 'Power Lunch' to discuss plays for three stocks: Boeing, Nasdaq and Molson Coors.
The Teamsters union is calling for a nationwide boycott of Molson Coors amid stalled talks with striking workers, asking that beer drinkers switch to Anheuser-Busch products.