Molson Coors Beverage Company reports results for the quarter ended September 30 - Earnings Summary

• Molson Coors Beverage Company TAP.N reported quarterly adjusted earnings of $1.46​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.67. The mean expectation of seventeen analysts for the quarter was for earnings of $1.45 per share. Wall Street expected results to range from $1.34 to $1.57 per share.

• Revenue fell 1.6% to $2.93 billion from a year ago; analysts expected $2.94 billion.

• Molson Coors Beverage Company's reported EPS for the quarter was $1.45​.

• The company reported quarterly net income of $271.5 million.

• Molson Coors Beverage Company shares had risen by 18.3% this quarter and lost 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 12 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the brewers peer group is "buy."

• Wall Street's median 12-month price target for Molson Coors Beverage Company is $44.00, about 2% above its last closing price of $43.14

This summary was machine generated from LSEG data November 5 at 07:20 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)