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Compared to Estimates, Molson Coors (TAP) Q2 Earnings: A Look at Key Metrics
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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.
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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Compared to Estimates, Molson Coors (TAP) Q2 Earnings: A Look at Key Metrics
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.