Molson Coors Brewing
The 10-second takeaway
For the quarter ended June 30 (Q2), Molson Coors Brewing beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Molson Coors Brewing booked revenue of $999.4 million. The six analysts polled by S&P Capital IQ predicted a top line of $941.9 million on the same basis. 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.
EPS came in at $1.38. The eight earnings estimates compiled by S&P Capital IQ predicted $1.21 per share. GAAP EPS of $0.57 for Q2 were 52% lower than the prior-year quarter's $1.18 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.0%, 190 basis points worse than the prior-year quarter. Operating margin was 11.5%, 320 basis points worse than the prior-year quarter. Net margin was 10.5%, 1,340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $1.21.
Next year's average estimate for revenue is $3.64 billion. The average EPS estimate is $3.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 848 members out of 883 rating the stock outperform, and 35 members rating it underperform. Among 222 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 215 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 $45.43.
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