Things You Must Note Ahead of Molson Coors’ (TAP) Q1 Earnings
Molson Coors Beverage Company TAP is expected to register top and bottom-line declines when it reports first-quarter 2021 numbers on Apr 29, before the opening bell. The Zacks Consensus Estimate for the company’s first-quarter bottom line is pegged at a loss of 12 cents per share, whereas it reported earnings of 35 cents in the year-ago quarter. The consensus mark has moved south by 5 cents in the past seven days.
For first-quarter revenues, the consensus mark is pegged at $1.86 billion, suggesting an 11.5% decline from the prior-year reported figure.
In the last reported quarter, the leading alcohol company delivered a negative earnings surprise of 47.4%. However, it delivered an earnings surprise of 40.9%, on average, over the trailing four quarters.
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