Alert: New Earnings Report (11/2/23)-Molson Coors Beverage Company (NYSE: TAP).


Molson Coors Beverage Company (NYSE: TAP) has reported E.P.S. of $1.99 for its third fiscal quarter (ending September 30) versus $1.00 for the same period a year ago — an increase of 99%. This result exceeded the consensus estimate of $1.55 by $0.44. For the latest four quarters through September 30, E.P.S. were $1.18 compared to $2.28 a year ago — a decline of -48%.


Recent Price Action

Molson Coors Beverage Company (NYSE: TAP) stock closed at $57.83 on 11/2/23 after a modest decline of -0.6%. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, TAP is expected to continue to be a Value Builder.

Molson Coors Beverage has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Molson Coors Beverage has a slightly positive Appreciation Score of 66 and a very high Power Rating of 96, leading to the Highest Value Trend Rating.

Rating Review

In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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