Molson Coors (TAP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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TAP's strong brand momentum, premiumization strategy and strategic expansions position it for sustained growth.
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TAP makes significant progress on its premiumization strategy. The company has been investing in building the brand's awareness and consumer base.
Molson Coors (TAP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TAP posts better-than-expected results in fourth-quarter 2024. Financial volumes fall 6.4% year over year, mainly led by lower shipments.
Although the revenue and EPS for Molson Coors (TAP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Molson Coors Brewing (TAP) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.19 per share a year ago.