The Gory Details on Molson Coors Brewing's Double Fumble
Molson Coors Brewing (NYS: TAP) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Molson Coors Brewing missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Molson Coors Brewing booked revenue of $828.5 million. The seven analysts polled by S&P Capital IQ looked for revenue of $857.6 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $691.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.30. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. Non-GAAP EPS of $0.30 for Q1 were 36% lower than the prior-year quarter's $0.47 per share. GAAP EPS of $0.20 for Q1 were 55% lower than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.0%, 250 basis points worse than the prior-year quarter. Operating margin was -0.5%, 190 basis points worse than the prior-year quarter. Net margin was 4.3%, 720 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $1.47.
Next year's average estimate for revenue is $4.45 billion. The average EPS estimate is $4.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 825 members out of 862 rating the stock outperform, and 37 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Molson Coors Brewing a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Molson Coors Brewing is hold, with an average price target of $47.60.
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The article The Gory Details on Molson Coors Brewing's Double Fumble originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Molson Coors Brewing Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.