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
Most Popular
AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard