Molson Coors Q4 Revenue Forecast Drops 1% to $2.71B, EPS at $1.15
Molson Coors reported Q3 revenue of $2.97 billion, down 2.3% year-on-year and 1.4% below analyst forecasts, and has missed revenue estimates three times in the past two years. Analysts project Q4 revenue of $2.71 billion, a 1% decline y/y, and adjusted EPS of $1.15.
1. Recent Q3 Performance
Molson Coors reported Q3 revenue of $2.97 billion, down 2.3% year-on-year and missing analyst forecasts by 1.4%. Gross margin outperformance provided a silver lining, but overall revenue declines continued a trend of three estimate misses over two years.
2. Q4 Forecast and Analyst Outlook
Analysts expect Q4 revenue of $2.71 billion, reflecting a 1% year-on-year decline, and adjusted earnings of $1.15 per share. Coverage remained stable over the past 30 days, indicating consensus that the business will track current trends into the quarter.
3. Peer Comparisons and Sector Trends
Constellation Brands posted a 9.8% drop in Q4 revenue while Philip Morris saw a 6.8% increase, highlighting mixed results in the beverages and tobacco segment. Sector share prices have climbed an average of 3.7% over the last month, driven by positive investor sentiment.
4. Share Price Performance and Targets
Molson Coors shares have risen 6.2% over the past month, trading near $53.09, with an average analyst price target of $51.19. The modest upside in price targets suggests limited valuation expansion ahead of earnings.