Constellation Brands Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Constellation Brands, Inc. (NYSE:STZ) is expected to report Q3 earnings of $3.00 per share, up from $2.83 a year ago, with revenue estimated at $2.55 billion. The company also announced an additional $2 billion share repurchase authorization. Shares closed up 0.5% at $242.53. Analysts from Barclays, Wells Fargo, Goldman Sachs, Morgan Stanley, and B of A Securities have provided ratings and adjusted price targets for STZ.
January 05, 2024 | 6:49 am
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Constellation Brands is anticipated to report improved earnings and has announced a $2 billion share repurchase, with analysts adjusting price targets positively.
The expected increase in earnings per share and the announcement of a share repurchase program are positive indicators for STZ's stock price in the short term. Analysts' revisions of price targets, mostly upwards, also suggest confidence in the company's performance.
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RELEVANCE 100