Molson Coors Beverage Co reports results for the quarter ended December 31 - Earnings Summary

• Molson Coors Beverage Co TAP.N reported quarterly adjusted earnings of $1.30​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.19. The mean expectation of sixteen analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range from $1.10 to $1.16 per share.

• Revenue fell 2% to $2.74 billion from a year ago; analysts expected $2.70 billion.

• Molson Coors Beverage Co's reported EPS for the quarter was $1.39​.

• The company reported quarterly net income of $287.8 million.

• Molson Coors Beverage Co shares had fallen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "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 $62.75

This summary was machine generated from LSEG data February 13 at 01:06 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)