Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Molson Coors (TAP) Meets Q3 Earnings, Sales Miss Estimates
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.
Molson Coors Brewing Company Price, Consensus and EPS Surprise
Molson Coors Brewing Company Price, Consensus and EPS Surprise | Molson Coors Brewing Company Quote
Check back later for our full write up on Molson Coors earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>