• Molson Coors Beverage Co TAP.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 95 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 65 cents to $1.05 per share.

• Revenue fell 11.3% to $2.30 billion from a year ago; analysts expected $2.41 billion.

• Molson Coors Beverage Co's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $121 million.

• Molson Coors Beverage Co shares had fallen by 6.6% this quarter and lost 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.3% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the brewers peer group is also "hold"

• Wall Street's median 12-month price target for Molson Coors Beverage Co is $64.72

This summary was machine generated from LSEG data May 8 at 12:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)