Molson Coors Brewing
The 10-second takeaway
For the quarter ended March 30 (Q1), Molson Coors Brewing missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Molson Coors Brewing booked revenue of $828.5 million. The seven analysts polled by S&P Capital IQ looked for revenue of $857.6 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $691.4 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 $0.30. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. Non-GAAP EPS of $0.30 for Q1 were 36% lower than the prior-year quarter's $0.47 per share. GAAP EPS of $0.20 for Q1 were 55% lower than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.0%, 250 basis points worse than the prior-year quarter. Operating margin was -0.5%, 190 basis points worse than the prior-year quarter. Net margin was 4.3%, 720 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $1.47.
Next year's average estimate for revenue is $4.45 billion. The average EPS estimate is $4.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 825 members out of 862 rating the stock outperform, and 37 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give Molson Coors Brewing a green thumbs-up, and eight 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 $47.60.
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