Molson Coors Beverage Company Reports 2022 Third Quarter Results

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Molson Coors (TAP) PT Lowered to $63 at Jefferies

November 2, 2022 9:08 AM EDT

Jefferies analyst Kevin Grundy lowered the price target on Molson Coors (NYSE: TAP) to $63.00 (from $65.00) while maintaining a Buy rating.

The analyst commented, "We edge our '22-24 EPS ests. lower (costs/FX) post TAP's mixed 3Q (better pricing / SG&A,... More

Molson Coors Brewing (TAP) Misses Q3 EPS by 6c, Revenues Beat

November 1, 2022 7:02 AM EDT

Molson Coors Brewing (NYSE: TAP) reported Q3 EPS of $1.32, $0.06 worse than the analyst estimate of $1.38. Revenue for the quarter came in at $2.94 billion versus the consensus estimate of $2.9 billion.

GUIDANCE:

Net Sales: mid single-digit increase versus 2021 on a constant... More