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Molson Coors Brewing Company (TAP - Free Report) is the third largest global brewer in the world. This global manufacturer and seller of beer and other beverage products has an impressive portfolio of more than 65 leading beer brands.
Continued difficult economy and competitive pressure, along with lower volumes and significant unfavorable foreign currency are the major headwinds affecting the company. The company has also been posting declining sales volume in its major markets - Canada, the U.S. and Europe. The company is therefore focusing on improved marketing strategies for beers and targeting the above-premium brands to boost market share. The company’s recent acquisition of a 58% stake in MillerCoors, cost savings efforts and marketing investments are encouraging, which might bring profit to its investors. Due to this, investors are eagerly awaiting Molson Coors’ earnings report.
Investors should also note the recent earnings estimate revisions for TAP, as the consensus estimate has been moving downwards in the last 30 days. However, TAP’s earnings season was a mixed one. TAP has delivered positive surprise in two of the last four quarters, with negative surprise in another two, making for an average positive surprise of 5.7%.
Currently, TAP has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Molson Coors’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TAP posted earnings of 76 cents per share, missing our consensus of $1.31 per share. Investors should note that these figures take out stock option expenses.
Revenue: TAP posted revenues of $2.449 billion. This lags our consensus estimate of $2.468 billion.
Key Stats to Note: Sales declined 0.5% in the quarter on a reported basis and grew 1.0% on a constant currency basis. Molson Coors’ worldwide brand volume grew 2.1% to 19.7 million hectoliters.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this TAP earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Molson Coors (TAP) Lags on Q1 Earnings and Sales
Molson Coors Brewing Company (TAP - Free Report) is the third largest global brewer in the world. This global manufacturer and seller of beer and other beverage products has an impressive portfolio of more than 65 leading beer brands.
Continued difficult economy and competitive pressure, along with lower volumes and significant unfavorable foreign currency are the major headwinds affecting the company. The company has also been posting declining sales volume in its major markets - Canada, the U.S. and Europe. The company is therefore focusing on improved marketing strategies for beers and targeting the above-premium brands to boost market share. The company’s recent acquisition of a 58% stake in MillerCoors, cost savings efforts and marketing investments are encouraging, which might bring profit to its investors. Due to this, investors are eagerly awaiting Molson Coors’ earnings report.
Investors should also note the recent earnings estimate revisions for TAP, as the consensus estimate has been moving downwards in the last 30 days. However, TAP’s earnings season was a mixed one. TAP has delivered positive surprise in two of the last four quarters, with negative surprise in another two, making for an average positive surprise of 5.7%.
Currently, TAP has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Molson Coors’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TAP posted earnings of 76 cents per share, missing our consensus of $1.31 per share. Investors should note that these figures take out stock option expenses.
Revenue: TAP posted revenues of $2.449 billion. This lags our consensus estimate of $2.468 billion.
Key Stats to Note: Sales declined 0.5% in the quarter on a reported basis and grew 1.0% on a constant currency basis. Molson Coors’ worldwide brand volume grew 2.1% to 19.7 million hectoliters.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this TAP earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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