Recap: Constellation Brands Q1 Earnings
Portfolio Pulse from Benzinga Insights
Constellation Brands (NYSE:STZ) reported Q1 earnings, beating estimates by 2.83% with an EPS of $2.91. Revenue was up $152 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.45% increase in share price the next day.
June 30, 2023 | 12:20 pm
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Constellation Brands beat Q1 earnings estimates by 2.83% and saw a YoY revenue increase of $152M. Last quarter's earnings beat led to a 1.45% share price increase.
Constellation Brands' earnings beat and revenue increase are positive indicators for the company's financial health. This, coupled with the historical trend of share price increase following an earnings beat, suggests a potential positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100