Molson Coors Beverage Company (NYSE: TAP) has reported E.P.S. of $0.98 for its first fiscal quarter (ending March 31) versus $0.33 for the same period a year ago — an increase of 197%. Relative to the consensus estimate of $0.75, this was a premium of $0.23. For the latest four quarters through March 31, E.P.S. were $5.03 versus $-1.18 for the same period a year ago.
Recent Price Action
On 4/30/24, Molson Coors Beverage Company (NYSE: TAP) stock suffered a large decline of -9.9%, closing at $57.26. Moreover, this decline was accompanied by exceptionally high trading volume at 341% of normal. The stock has performed in line with the market over the last nine months and has declined -11.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TAP is expected to continue to be an important Value Builder.
Molson Coors Beverage has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Molson Coors Beverage has a good Appreciation Score of 74 but a neutral Power Rating of 49, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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