Molson Coors Brewing
The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Molson Coors Brewing missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew slightly.
Gross margins expanded, operating margins expanded, net margins contracted.
Molson Coors Brewing tallied revenue of $1.20 billion. The five analysts polled by S&P Capital IQ looked for sales of $1.25 billion on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $954.4 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 $1.37. The seven earnings estimates compiled by S&P Capital IQ averaged $1.34 per share. GAAP EPS of $1.09 for Q3 were 2.8% higher than the prior-year quarter's $1.06 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 42.5%, 10 basis points better than the prior-year quarter. Operating margin was 17.4%, 80 basis points better than the prior-year quarter. Net margin was 16.6%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.12 billion. On the bottom line, the average EPS estimate is $0.76.
Next 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 231 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 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 $47.33.
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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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Molson Coors Brewing Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.