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

 

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top