A Preview Of Constellation Brands's Earnings
Portfolio Pulse from Benzinga Insights
Constellation Brands (NYSE:STZ) is expected to release its quarterly earnings report on January 5, 2024, with an estimated EPS of $3.00. Investors are looking for an earnings beat and positive guidance for future growth. Historically, STZ's stock price has shown mixed reactions to past earnings performances. As of January 3, STZ shares traded at $241.42, reflecting a 13.14% increase over the last 52 weeks. Positive long-term returns suggest shareholder optimism ahead of the earnings release.
January 04, 2024 | 7:00 pm
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Constellation Brands is anticipated to report an EPS of $3.00 in its upcoming earnings. Historical data shows varied stock price reactions post-earnings, with a 13.14% increase in share price over the last year indicating positive investor sentiment.
While the estimated EPS of $3.00 sets expectations, historical performance shows that the actual impact on the stock price can be unpredictable. The positive year-over-year return may buffer negative reactions, but the market's focus on forward guidance over earnings beats or misses adds uncertainty to the short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100