Molson Coors Beverage Company (TAP), headquartered in Chicago, Illinois, is a global brewer specializing in producing, marketing, and selling beer and other beverages, with a market cap of $11.8 billion. The company has a diverse portfolio of iconic brands that serve millions of customers worldwide, operating across North America and Europe. Molson Coors is set to announce its Q3 earnings before the market opens on Thursday, Nov. 7.
Ahead of the event, analysts expect TAP to report a profit of $1.66 per share, down 13.5% from $1.92 in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in the last four quarters.
