Molson Coors Beverage Q1 2024 Adj EPS $0.95 Beats $0.74 Estimate, Sales $2.60B Beat $2.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Molson Coors Beverage (NYSE:TAP) reported Q1 2024 adjusted EPS of $0.95, surpassing the $0.74 estimate, with sales of $2.60B exceeding the $2.50B estimate, marking a 10.83% increase from the previous year.
April 30, 2024 | 10:56 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Molson Coors Beverage reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales increase.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales growth, is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential short-term uptick in TAP's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100