* Molson Coors Beverage Co reported quarterly adjusted earnings of 95 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 56 cents to 87 cents per share.
* Revenue rose 10.7% to $2.60 billion from a year ago; analysts expected $2.50 billion.
* Molson Coors Beverage Co's reported EPS for the quarter was 97 cents.
* The company reported quarterly net income of $207.8 million.
* Molson Coors Beverage Co shares had fallen by 5.5% this quarter and gained 3.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 9% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 14 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the brewers peer group is also "hold"
Wall Street's median 12-month price target for Molson Coors Beverage Co is $69.00 This summary was machine generated from LSEG data April 30 at 03:48 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.74 0.95 Beat
Dec. 31 2023 1.12 1.19 Beat
Sep. 30 2023 1.58 1.92 Beat
Jun. 30 2023 1.63 1.78 Beat
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