On Wednesday, February 12, Molson Coors Brewing TAP will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Molson Coors Brewing EPS is expected to be around 78 cents, according to sell-side analysts. Sales will likely be near $2.47 billion.
The analyst consensus estimate would represent a 7.14% decrease in the company's earnings. Revenue would be up 2.11% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
EPS Estimate | 1.500 | 1.660 | 0.59 | 0.79 |
EPS Actual | 1.480 | 1.520 | 0.520 | 0.84 |
Stock Performance
Over the last 52-week period, shares are down 10.93%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Molson Coors Brewing stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Molson Coors Brewing is scheduled to hold the call at 11:00 a.m. ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.