Preview: Constellation Brands's Earnings
Portfolio Pulse from Benzinga Insights
Constellation Brands (NYSE:STZ) is set to release its latest quarterly earnings report on June 30, 2023. Analysts estimate an earnings per share (EPS) of $2.83. The company's stock performance has been generally positive over the last 52-week period, with shares up 5.16%. Last quarter, the company beat EPS estimates by $0.16, but this was followed by a 0.0% drop in the share price the next day.
June 29, 2023 | 2:00 pm
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NEUTRAL IMPACT
Constellation Brands is expected to report an EPS of $2.83 for Q2 2023. The company's stock has been performing well, with a 5.16% increase over the last 52 weeks. However, the last earnings beat was followed by a 0.0% drop in share price.
The upcoming earnings report is highly relevant to Constellation Brands' stock. However, the impact on the stock price is uncertain. Despite beating EPS estimates last quarter, the stock price did not increase. Therefore, even if the company beats the EPS estimate again, it does not necessarily mean the stock price will rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100