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Molson Coors (TAP) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Molson Coors Brewing (TAP - Free Report) reported revenue of $3.25 billion, down 0.4% over the same period last year. EPS came in at $1.92, compared to $1.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.68.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Molson Coors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Brand Volume - Consolidated
: 21.72 million versus the three-analyst average estimate of 22.32 million.
Brand Volumes - Americas
: 15.67 million versus 16.14 million estimated by two analysts on average.
Brand Volumes - EMEA&APAC
: 6.05 million compared to the 6.04 million average estimate based on two analysts.
Net Sales- EMEA&APAC
: $683.30 million versus the three-analyst average estimate of $677.35 million. The reported number represents a year-over-year change of +5.3%.
Net Sales- Americas
: $2.58 billion versus $2.49 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Net Sales- Unallocated & Eliminations
: -$6.90 million compared to the -$4.10 million average estimate based on two analysts.
Shares of Molson Coors have returned +1.9% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Molson Coors (TAP) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Molson Coors Brewing (TAP - Free Report) reported revenue of $3.25 billion, down 0.4% over the same period last year. EPS came in at $1.92, compared to $1.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +2.37%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.68.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Molson Coors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Molson Coors here>>>Brand Volume - Consolidated
: 21.72 million versus the three-analyst average estimate of 22.32 million.Brand Volumes - Americas
: 15.67 million versus 16.14 million estimated by two analysts on average.Brand Volumes - EMEA&APAC
: 6.05 million compared to the 6.04 million average estimate based on two analysts.Net Sales- EMEA&APAC
: $683.30 million versus the three-analyst average estimate of $677.35 million. The reported number represents a year-over-year change of +5.3%.Net Sales- Americas
: $2.58 billion versus $2.49 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.Net Sales- Unallocated & Eliminations
: -$6.90 million compared to the -$4.10 million average estimate based on two analysts.Shares of Molson Coors have returned +1.9% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.