Constellation Brands Q2 Adj EPS $3.70 Beats $3.36 Estimate, Sales $2.84B Beat $2.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
Constellation Brands (NYSE:STZ) reported Q2 adjusted earnings of $3.70 per share, beating the analyst consensus estimate of $3.36 by 10.12%. This is a 16.72% increase from the same period last year. The company also reported quarterly sales of $2.84 billion, beating the analyst consensus estimate of $2.82 billion by 0.57%. This is a 6.82% increase from the same period last year.
October 05, 2023 | 11:32 am
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POSITIVE IMPACT
Constellation Brands reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
Constellation Brands reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100