Constellation Brands Affirms FY24 Comparable EPS Outlook Of $11.70-$12.00; Consensus $11.62
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands has reaffirmed its FY24 comparable EPS outlook of $11.70-$12.00, which is above the consensus estimate of $11.62.
June 30, 2023 | 11:34 am
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POSITIVE IMPACT
Constellation Brands has reaffirmed its FY24 EPS outlook, which is higher than the market consensus. This could potentially lead to a positive market reaction.
Companies often see their stock prices increase when they announce earnings outlooks that are higher than market expectations. As Constellation Brands has reaffirmed its FY24 EPS outlook, which is higher than the consensus estimate, this could lead to a positive market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100