Categories Earnings, Retail

Earnings Preview: Holiday drinking might aid beer giant Molson Coors this Q4

As Miller beer maker Molson Coors Brewing (TAP) announces its fourth-quarter 2018 results before the market opens on Feb. 12, the stock is expected to gain from an earnings jump

The Street expects the brewer to generate more than 27% in quarterly earnings of about $0.79 a share, while revenue slipped about 2% to $2.53 billion.

If Molson Coors manages to deliver a beat, the stock could very well initiate a bull run. The general consensus among analysts was recently raised a bit to reflect the new market scenario.

 

LOOKING BACK

In the previously reported third quarter, net sales inched 1.8% to $2.9 billion, generating a net profit of $1.56 a share.

Non-GAAP earnings grew 34% to $1.84 per share, despite worldwide brand volume slipping 1%. While Molson Coors saw growth in Europe and International, the US and Canada volumes continue to be a bane for the beer maker.

The maker of Coord Light, Carling and Molson Canadian will likely see general gains from the holiday season. All eyes would be on how the company tackles its ever declining sales in the North American regions as it posts results on Tuesday.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

 

Also Read:  Beyond Meat (BYND) reports in-line earnings in Q2; tops revenue targets

Most Popular

3D Systems Corp. (DDD) Q2 2020 Earnings Call Transcript

3D Systems Corp. (NYSE: DDD) Q2 2020 earnings call dated Aug. 05, 2020 Corporate Participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Analysts:

Yelp (YELP): Revenue recovery depends significantly on COVID-19 environment

Shares of Yelp (NYSE: YELP) were down over 15% on Friday, a day after the company reported a decline in revenue along with a net loss for the second quarter

US economy adds 1.8 million jobs in July; unemployment rate drops to 10.2%

The US economy added 1.8 million jobs in July, marking the third consecutive month of employment growth as the country recovers from the coronavirus pandemic that has caused widespread disruption.

Top