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Factors Likely to Influence Molson Coors' (TAP) Q1 Earnings
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Molson Coors Beverage Company (TAP - Free Report) is expected to register top- and bottom-line growth when it reports first-quarter 2022 earnings on May 3. The Zacks Consensus Estimate for the company’s first-quarter revenues is pegged at $2.14 billion, suggesting 12.6% growth from the prior-year period’s reported figure. Although the consensus mark for earnings has declined 14.3% in the past 30 days to 18 cents per share, it suggests significant growth of 1,700% from the year-ago quarter reported figure.
In the last reported quarter, this leading alcohol company delivered a negative earnings surprise of 10%. However, it recorded an earnings surprise of 31.4%, on average, in the trailing four quarters.
Key Factors to Note
Molson Coors has been benefiting from the revitalization plan and the premiumization of its global portfolio. Strength across its Coors Light and Miller Lite brands, as well as its beyond beer approach, bodes well.
Speaking of its revitalization plan, it aims at achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. As part of this plan, it has been investing in iconic brands and growth opportunities in the above-premium beer space, expanding in adjacencies and beyond beer, and creating digital competencies for commercial functions, supply-chain-related system capabilities and employees. These investments are expected to have aided the company’s first-quarter performance. Also, the company’s cost-savings program remains one of the key growth drivers.
TAP has been witnessing strong market share gains, driven by its innovation and premiumization efforts. In a bid to accelerate portfolio premiumization, it has been aggressively growing its above-premium portfolio in the past few years. The continued strength of the U.S. hard seltzer portfolio, particularly Topo Chico Hard Seltzer and Vizzy along with the solid performance of the above-premium beer category have been aiding the U.S. above premium segment.
However, elevated marketing costs related to investments in brands and innovation act as headwinds. On the last reported quarter’s earnings call, management expected higher year-over-year marketing spend in the first half of 2022.
Also, inflationary pressures related to higher transportation costs are expected to have resulted in higher cost of goods sold (COGS) in the quarter under review. Apart from these, global supply chain disruptions and higher freight costs remain concerns.
Molson Coors Beverage Company Price and EPS Surprise
Our proven model does not conclusively predict an earnings beat for Molson Coors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Molson Coors has an Earnings ESP of -21.49% and a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to deliver an earnings beat.
US Foods (USFD - Free Report) currently has an Earnings ESP of +19.32% and a Zacks Rank of 3. The company is expected to register top-line growth when it reports first-quarter 2022 numbers. The Zacks Consensus Estimate for USFD’s quarterly revenues is pegged at $7.8 billion, which suggests growth of 23.9% from the prior-year quarter’s reported figure. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for US Foods’ quarterly earnings has remained unchanged in the past 30 days at 29 cents per share, suggesting 38.1% increase from the year-ago reported number. USFD has delivered an earnings beat of 141.7%, on average, in the trailing four quarters.
Hostess Brands currently has an Earnings ESP of +7.76% and a Zacks Rank #3. TWNK is likely to register top-line growth when it reports the first-quarter 2022 numbers. The Zacks Consensus Estimate for its quarterly revenues is pegged at $301.6 million, which suggests growth of 13.6% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Hostess Brands’ quarterly earnings has moved up by a penny in the past 30 days to 23 cents per share, suggesting an increase of 15% from the year-ago quarter’s reported number. TWNK has delivered an earnings beat of 5.95%, on average, in the trailing four quarters.
Corteva (CTVA - Free Report) , currently has an Earnings ESP of +0.70% and a Zacks Rank #3. CTVA is anticipated to register top-and bottom-line growth when it reports first-quarter 2022 results. The Zacks Consensus Estimate for Corteva’s quarterly revenues is pegged at $4.53 billion, indicating an improvement of 8.5% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Corteva’s bottom line remained unchanged in the past 30 days at 81 cents per share. However, the consensus estimate for CTVA suggests growth of 2.5% from the year-ago quarter’s reported figure.
Image: Bigstock
Factors Likely to Influence Molson Coors' (TAP) Q1 Earnings
Molson Coors Beverage Company (TAP - Free Report) is expected to register top- and bottom-line growth when it reports first-quarter 2022 earnings on May 3. The Zacks Consensus Estimate for the company’s first-quarter revenues is pegged at $2.14 billion, suggesting 12.6% growth from the prior-year period’s reported figure. Although the consensus mark for earnings has declined 14.3% in the past 30 days to 18 cents per share, it suggests significant growth of 1,700% from the year-ago quarter reported figure.
In the last reported quarter, this leading alcohol company delivered a negative earnings surprise of 10%. However, it recorded an earnings surprise of 31.4%, on average, in the trailing four quarters.
Key Factors to Note
Molson Coors has been benefiting from the revitalization plan and the premiumization of its global portfolio. Strength across its Coors Light and Miller Lite brands, as well as its beyond beer approach, bodes well.
Speaking of its revitalization plan, it aims at achieving sustainable top-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. As part of this plan, it has been investing in iconic brands and growth opportunities in the above-premium beer space, expanding in adjacencies and beyond beer, and creating digital competencies for commercial functions, supply-chain-related system capabilities and employees. These investments are expected to have aided the company’s first-quarter performance. Also, the company’s cost-savings program remains one of the key growth drivers.
TAP has been witnessing strong market share gains, driven by its innovation and premiumization efforts. In a bid to accelerate portfolio premiumization, it has been aggressively growing its above-premium portfolio in the past few years. The continued strength of the U.S. hard seltzer portfolio, particularly Topo Chico Hard Seltzer and Vizzy along with the solid performance of the above-premium beer category have been aiding the U.S. above premium segment.
However, elevated marketing costs related to investments in brands and innovation act as headwinds. On the last reported quarter’s earnings call, management expected higher year-over-year marketing spend in the first half of 2022.
Also, inflationary pressures related to higher transportation costs are expected to have resulted in higher cost of goods sold (COGS) in the quarter under review. Apart from these, global supply chain disruptions and higher freight costs remain concerns.
Molson Coors Beverage Company Price and EPS Surprise
Molson Coors Beverage Company price-eps-surprise | Molson Coors Beverage Company Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for Molson Coors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Molson Coors has an Earnings ESP of -21.49% and a Zacks Rank #3.
Stocks With the Favorable Combination
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to deliver an earnings beat.
US Foods (USFD - Free Report) currently has an Earnings ESP of +19.32% and a Zacks Rank of 3. The company is expected to register top-line growth when it reports first-quarter 2022 numbers. The Zacks Consensus Estimate for USFD’s quarterly revenues is pegged at $7.8 billion, which suggests growth of 23.9% from the prior-year quarter’s reported figure. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for US Foods’ quarterly earnings has remained unchanged in the past 30 days at 29 cents per share, suggesting 38.1% increase from the year-ago reported number. USFD has delivered an earnings beat of 141.7%, on average, in the trailing four quarters.
Hostess Brands currently has an Earnings ESP of +7.76% and a Zacks Rank #3. TWNK is likely to register top-line growth when it reports the first-quarter 2022 numbers. The Zacks Consensus Estimate for its quarterly revenues is pegged at $301.6 million, which suggests growth of 13.6% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Hostess Brands’ quarterly earnings has moved up by a penny in the past 30 days to 23 cents per share, suggesting an increase of 15% from the year-ago quarter’s reported number. TWNK has delivered an earnings beat of 5.95%, on average, in the trailing four quarters.
Corteva (CTVA - Free Report) , currently has an Earnings ESP of +0.70% and a Zacks Rank #3. CTVA is anticipated to register top-and bottom-line growth when it reports first-quarter 2022 results. The Zacks Consensus Estimate for Corteva’s quarterly revenues is pegged at $4.53 billion, indicating an improvement of 8.5% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Corteva’s bottom line remained unchanged in the past 30 days at 81 cents per share. However, the consensus estimate for CTVA suggests growth of 2.5% from the year-ago quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.