Molson Coors Brewing (TAP - Free Report) reported $3.27 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.8%. EPS of $1.78 for the same period compares to $1.19 a year ago.
The reported revenue represents a surprise of -1.27% over the Zacks Consensus Estimate of $3.31 billion. With the consensus EPS estimate being $1.63, the EPS surprise was +9.20%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Molson Coors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Brand Volumes (STWs) - Americas: 16.9 million versus 16.69 million estimated by two analysts on average.
- Brand volume - Consolidated: 22.82 million versus the two-analyst average estimate of 23.14 million.
- Brand Volumes (STWs) - EMEA&APAC: 5.93 million versus the two-analyst average estimate of 6.17 million.
- Geographic Revenue- Americas: $2.62 billion compared to the $2.48 billion average estimate based on three analysts. The reported number represents a change of +10.7% year over year.
- Geographic Revenue- EMEA&APAC: $649 million compared to the $572.63 million average estimate based on three analysts. The reported number represents a change of +16.3% year over year.
View all Key Company Metrics for Molson Coors here>>>Shares of Molson Coors have returned +4.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Molson Coors Brewing (TAP - Free Report) reported $3.27 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 11.8%. EPS of $1.78 for the same period compares to $1.19 a year ago.
The reported revenue represents a surprise of -1.27% over the Zacks Consensus Estimate of $3.31 billion. With the consensus EPS estimate being $1.63, the EPS surprise was +9.20%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Molson Coors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Brand Volumes (STWs) - Americas: 16.9 million versus 16.69 million estimated by two analysts on average.
- Brand volume - Consolidated: 22.82 million versus the two-analyst average estimate of 23.14 million.
- Brand Volumes (STWs) - EMEA&APAC: 5.93 million versus the two-analyst average estimate of 6.17 million.
- Geographic Revenue- Americas: $2.62 billion compared to the $2.48 billion average estimate based on three analysts. The reported number represents a change of +10.7% year over year.
- Geographic Revenue- EMEA&APAC: $649 million compared to the $572.63 million average estimate based on three analysts. The reported number represents a change of +16.3% year over year.
View all Key Company Metrics for Molson Coors here>>>Shares of Molson Coors have returned +4.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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