Molson Coors Beverage Company (NYSE: TAP) has reported earnings for its second fiscal quarter (ending June 30) of $2.03 versus $1.58 for the same period a year ago — an increase of 28%. Relative to the consensus estimate of $1.68, this was a premium of $0.34. E.P.S. were $5.47 for the latest four quarters through June 30 versus $0.19 for the same period a year ago — an increase of 2779%.
Recent Price Action
On 8/6/24, Molson Coors Beverage Company (NYSE: TAP) stock enjoyed a very large increase of 5.4%, closing at $53.90. Moreover, this advance was accompanied by exceptionally high trading volume at 208% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Molson Coors Beverage has a good Appreciation Score of 79 but a very low Power Rating of 6, and the Low Neutral Value Trend Rating results.
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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