Molson Coors Brewing (NYSE: TAP ) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Molson Coors Brewing's revenues will grow 31.0% and EPS will grow 17.5%.
The average estimate for revenue is $1.25 billion. On the bottom line, the average EPS estimate is $1.34.
Last quarter, Molson Coors Brewing reported revenue of $999.4 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $933.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.38. GAAP EPS of $0.57 for Q2 were 52% lower than the prior-year quarter's $1.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.8%, 110 basis points worse than the prior-year quarter. Operating margin was 14.9%, 20 basis points better than the prior-year quarter. Net margin was 10.5%, 1,340 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.98 billion. The average EPS estimate is $3.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 835 members out of 872 rating the stock outperform, and 37 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 219 give Molson Coors Brewing a green thumbs-up, and nine 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 $45.43.
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