Constellation Brands Q1 Adj EPS $2.91 Beats $2.83 Estimate, Sales $2.51B Beat $2.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands (NYSE:STZ) reported Q1 adjusted earnings of $2.91 per share, beating the analyst consensus estimate of $2.83 by 2.83 percent. This is a 9.4 percent increase from the same period last year. The company also reported quarterly sales of $2.51 billion, beating the analyst consensus estimate of $2.47 billion by 1.78 percent, a 6.39 percent increase from the same period last year.
June 30, 2023 | 11:31 am
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Constellation Brands reported better than expected Q1 earnings and sales, which could positively impact its stock price.
Constellation Brands reported a 9.4% increase in EPS and a 6.39% increase in sales YoY, beating analyst estimates. This positive financial performance is likely to increase investor confidence and demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 90
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RELEVANCE 100