Molson Coors Beverage (NYSE:TAP) reported its Q1 earnings results on Tuesday, May 3, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Molson Coors Beverage beat estimated earnings by 52.63%, reporting an EPS of $0.29 versus an estimate of $0.19.
Revenue was up $317.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.04 which was followed by a 2.74% drop in the share price the next day.
Here's a look at Molson Coors Beverage's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 1.54 | 1.33 | -0.09 |
| EPS Actual | 0.81 | 1.75 | 1.58 | 0.01 |
| Revenue Estimate | 2.55B | 2.92B | 2.81B | 1.88B |
| Revenue Actual | 2.62B | 2.82B | 2.94B | 1.90B |
To track all earnings releases for Molson Coors Beverage visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
