Molson Coors (TAP) Q4 Earnings: What To Expect

Beer company Molson Coors (NYSE:TAP) will be announcing earnings results tomorrow before the bell. Here’s what to expect.

Molson Coors missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $3.04 billion, down 7.8% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates.

Is Molson Coors a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Molson Coors’s revenue to decline 3% year on year to $2.71 billion, a reversal from the 6.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Molson Coors has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Molson Coors’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Philip Morris delivered year-on-year revenue growth of 7.3%, beating analysts’ expectations by 2.8%, and Coca-Cola reported revenues up 4.2%, topping estimates by 6.5%. Philip Morris traded up 10.2% following the results.

Read our full analysis of Philip Morris’s results here and Coca-Cola’s results here.

Investors in the beverages, alcohol, and tobacco segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Molson Coors’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $62.85 (compared to the current share price of $54.55).

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