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Compared to Estimates, Molson Coors (TAP) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Molson Coors Brewing (TAP) reported revenue of $2.6 billion, up 10.7% over the same period last year. EPS came in at $0.95, compared to $0.54 in the year-ago quarter.

The reported revenue represents a surprise of +3.90% over the Zacks Consensus Estimate of $2.5 billion. With the consensus EPS estimate being $0.71, the EPS surprise was +33.80%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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.

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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: 16.9 million versus 17.72 million estimated by three analysts on average.

  • Brand Volumes - Americas: 12.89 million versus 13.74 million estimated by two analysts on average.

  • Brand Volumes - EMEA&APAC: 4.01 million versus the two-analyst average estimate of 3.99 million.

  • Net Sales- EMEA&APAC: $454.70 million compared to the $424.23 million average estimate based on three analysts. The reported number represents a change of +10.9% year over year.

  • Net Sales- Americas: $2.15 billion versus $2.08 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.6% change.

  • Net Sales- Unallocated & Eliminations: -$3.70 million compared to the -$2.80 million average estimate based on two analysts.

View all Key Company Metrics for Molson Coors here>>>

Shares of Molson Coors have returned -5.6% over the past month versus the Zacks S&P 500 composite's -2.5% 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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Zacks Investment Research