What Does Wall Street See for Molson Coors Brewing's Q3?
Nov 6th 2012 1:01AM
Updated Nov 6th 2012 1:04AM
Molson Coors Brewing (NYS: TAP) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Molson Coors Brewing's revenues will grow 31.0% and EPS will grow 17.5%.
The average estimate for revenue is $1.25 billion. On the bottom line, the average EPS estimate is $1.34.
Last quarter, Molson Coors Brewing reported revenue of $999.4 million. GAAP reported sales were 7.0% higher than the prior-year quarter's $933.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.38. GAAP EPS of $0.57 for Q2 were 52% lower than the prior-year quarter's $1.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.8%, 110 basis points worse than the prior-year quarter. Operating margin was 14.9%, 20 basis points better than the prior-year quarter. Net margin was 10.5%, 1,340 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.98 billion. The average EPS estimate is $3.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 835 members out of 872 rating the stock outperform, and 37 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 219 give Molson Coors Brewing a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Molson Coors Brewing is hold, with an average price target of $45.43.
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The article What Does Wall Street See for Molson Coors Brewing's Q3? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Molson Coors Brewing Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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