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.
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
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many