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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100