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Molson Coors Beverage Company (TAP)
| Previous close | 63.56 |
| Open | 62.50 |
| Bid | 58.94 x 1100 |
| Ask | 59.02 x 800 |
| Day's range | 58.22 - 62.94 |
| 52-week range | 55.67 - 70.90 |
| Volume | |
| Avg. volume | 1,805,264 |
| Market cap | 12.521B |
| Beta (5Y monthly) | 0.85 |
| PE ratio (TTM) | 13.51 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.76 (2.77%) |
| Ex-dividend date | 29 Feb 2024 |
| 1y target est | N/A |
- Yahoo Finance Video
Molson Coors stock dips after reaffirming soft Q1 guidance
Shares of Molson Coors Brewing (TAP) are trading lower on Tuesday morning as the company reported its first quarter earnings, reiterating its soft 2024 guidance due to softness observed in the US and Canadian markets. Although the company remains cautious, the company did post an increase in net sales totaling $2.59 billion, a 10.7% increase year-over-year. Yahoo Finance Anchors Madison Mills and Seana Smith break down the latest developments for Molson Coors and how younger generations' movement away from alcohol may impact the company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Reuters
UPDATE 1-Molson Coors beats Q1 estimates but cautious outlook drags shares
Molson Coors surpassed Wall Street estimates for first-quarter sales and profit on Tuesday, helped by higher prices and steady demand for brands such as Coors Light and Miller Lite. However, the company took a more cautious stance on the industry outlook and reaffirmed its full-year sales and profit forecasts, sending its shares down 7.6%. Consumers have been willing to stretch their budgets a little more to purchase Molson's products given that beers are generally considered as recession-proof.
- Zacks
Compared to Estimates, Molson Coors (TAP) Q1 Earnings: A Look at Key Metrics
The headline numbers for Molson Coors (TAP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
