Beer company Molson Coors (NYSE:TAP) will be reporting results this Tuesday before market hours. Here’s what investors should know.
Molson Coors missed analysts’ revenue expectations by 5.1% last quarter, reporting revenues of $2.30 billion, down 11.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA 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 4.1% year on year to $3.12 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.81 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 10 analysts). 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 Q2 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and MGP Ingredients reported a revenue decline of 23.7%, topping estimates by 3.7%. Boston Beer traded up 6.5% following the results while MGP Ingredients was down 4.9%.
Read our full analysis of Boston Beer’s results here and MGP Ingredients’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the beverages, alcohol, and tobacco stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% 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 $59.09 (compared to the current share price of $48.59).
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