Molson Coors Brewing
The 10-second takeaway
For the quarter ended March 31 (Q1), Molson Coors Brewing missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share didn't change.
Margins dropped across the board.
Molson Coors Brewing booked revenue of $691.4 million. The six analysts polled by S&P Capital IQ foresaw a top line of $703.5 million on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $690.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The eight earnings estimates compiled by S&P Capital IQ predicted $0.43 per share. GAAP EPS of $0.44 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.5%, 160 basis points worse than the prior-year quarter. Operating margin was 0.6%, 300 basis points worse than the prior-year quarter. Net margin was 11.5%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $950.6 million. On the bottom line, the average EPS estimate is $1.25.
Next year's average estimate for revenue is $3.56 billion. The average EPS estimate is $3.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 832 members out of 865 rating the stock outperform, and 33 members rating it underperform. Among 227 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 220 give Molson Coors Brewing a green thumbs-up, and seven 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 $46.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Molson Coors Brewing. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.