Why Is Molson Coors (TAP) Stock Soaring Today

What Happened?

Shares of beer company Molson Coors (NYSE:TAP) jumped 5% in the morning session after the company reported second-quarter earnings and revenue that surpassed Wall Street expectations. The beer maker posted adjusted earnings of $2.05 per share, which topped the average analyst estimate of $1.83. Revenue also exceeded forecasts, coming in at $3.2 billion. However, this figure marked a 1.6% decrease from the prior year. Despite the quarterly beat, Molson Coors cut its full-year earnings outlook, citing economic pressures and aluminum tariffs. The positive market reaction indicated investors weighed the strong quarterly results more heavily than the cautious guidance for the future.

After the initial pop the shares cooled down to $49.48, up 1.8% from previous close.

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What Is The Market Telling Us

Molson Coors’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Molson Coors is down 13.5% since the beginning of the year, and at $49.48 per share, it is trading 22.5% below its 52-week high of $63.88 from November 2024. Investors who bought $1,000 worth of Molson Coors’s shares 5 years ago would now be looking at an investment worth $1,355.

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