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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