Molson Coors Brewing Beats Analyst Estimates on EPS
Molson Coors Brewing (NYS: TAP) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Molson Coors Brewing missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share didn't change.
Margins dropped across the board.
Molson Coors Brewing booked revenue of $691.4 million. The six analysts polled by S&P Capital IQ foresaw a top line of $703.5 million on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $690.4 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 $0.47. The eight earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. GAAP EPS of $0.44 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.5%, 160 basis points worse than the prior-year quarter. Operating margin was 0.6%, 300 basis points worse than the prior-year quarter. Net margin was 11.5%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $950.6 million. On the bottom line, the average EPS estimate is $1.25.
Next year's average estimate for revenue is $3.56 billion. The average EPS estimate is $3.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 832 members out of 865 rating the stock outperform, and 33 members rating it underperform. Among 227 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 220 give Molson Coors Brewing a green thumbs-up, and seven 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 $46.50.
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At the time this article was published 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. Motley Fool newsletter services have recommended buying shares of Molson Coors Brewing. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.