Molson Coors Brewing
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Molson Coors Brewing beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded, and GAAP earnings per share increased significantly.
Gross margin contracted, operating margin grew, and net margin improved.
Molson Coors Brewing chalked up revenue of $937.3 million. The five analysts polled by S&P Capital IQ hoped for revenue of $926.2 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $835.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.97. The six earnings estimates compiled by S&P Capital IQ anticipated $0.71 per share on the same basis. GAAP EPS of $0.95 for Q4 were 64% higher than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.8%, 120 basis points worse than the prior-year quarter. Operating margin was 14.0%, 270 basis points better than the prior-year quarter. Net margin was 18.5%, 540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $702.8 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $3.56 billion. The average EPS estimate is $3.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 805 members rating the stock outperform and 33 members rating it underperform. Among 244 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Molson Coors Brewing a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Molson Coors Brewing is hold, with an average price target of $44.
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