Constellation Brands's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Constellation Brands (NYSE:STZ) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $3.36. The company's stock performance has been generally positive over the last 52-week period, with shares up 7.57%. Last quarter, the company beat EPS estimates by $0.08, which was followed by a 0.0% drop in the share price the next day.
October 04, 2023 | 2:00 pm
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Constellation Brands is expected to report an EPS of $3.36 in its upcoming earnings report. The company's stock has been performing well, with a 7.57% increase over the last 52 weeks. However, despite beating EPS estimates last quarter, the share price dropped by 0.0% the following day.
The upcoming earnings report is a significant event for Constellation Brands. While the company's stock has been performing well, the fact that the share price dropped despite beating EPS estimates last quarter suggests that investors may be focusing more on the company's guidance. Therefore, the company's future outlook could have a significant impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100