Molson Coors (NYSE:TAP) is expected to report Q1 earnings before the market open on Tuesday, May 8 with a conference call scheduled for 11:00 am ET.
Analysts are looking for EPS of 42c on revenue of $703.83M. The consensus range is 40c-45c for EPS and $679.12M-$719M for revenue, according to First Call. After reporting better-than-expected EPS and revenue in Q4, the company said it expected the early part of 2012 to be "especially challenging." The company also noted that depressed markets and cost inflation in Europe were not helping, but consumers are overall "loosening up a little bit in their wallet." Investors will look to hear further updates in the macro economy, as well as any possible M&A opportunities going forward. One major acquisition the company made was for StarBev for $3.54B in late March. The company will provide an update on how the acquisition has or will affect the company in the coming months and years. The company had already said last week that the acquisition would be accretive to the earnings in its first full year. In morning trading, Molson Coors stock was down 20c, or 0.48%, to $41.80.