These Analysts Revise Their Forecasts On Constellation Brands After Q1 Results
Portfolio Pulse from Avi Kapoor
Constellation Brands Inc. (NYSE:STZ) reported better-than-expected Q1 FY25 adjusted earnings, with a 6% Y/Y sales growth to $2.66 billion, slightly missing the consensus estimate. The Beer segment saw an 8% increase in net sales, while Wine and Spirits declined by 7%. Analysts revised their price targets for STZ following the results.
July 05, 2024 | 3:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Constellation Brands Inc. (NYSE:STZ) reported Q1 FY25 adjusted earnings that beat expectations, with a 6% Y/Y sales growth to $2.66 billion. The Beer segment performed well, while Wine and Spirits saw a decline. Analysts revised their price targets, with mixed adjustments.
Constellation Brands' better-than-expected earnings and strong performance in the Beer segment are positive indicators. The mixed analyst price target revisions suggest a cautiously optimistic outlook. The reaffirmed FY25 guidance also supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100