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.
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