Global brewer Molson Coors Brewing Company (TAP - Free Report) came out with third-quarter 2017 results, wherein adjusted earnings of $1.34 per share came in line with the Zacks Consensus Estimate but decreased 3.6% year-over-year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been stable over the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has missed the Zacks Consensus Estimate by an average of 27.3%.
Revenues: Molson Coors generated total revenue of $2,883.2 million that decreased 2.1% year over year and also lagged the Zacks Consensus Estimate of $3,000 million primarily due to lower volumes.
Zacks Rank: Currently, Molson Coors carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Molson Coors earnings report!
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