Constellation Brands beats Q2 estimates [MarketWatch]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: MarketWatch
Constellation Brands Inc. posted stronger-than-expected earnings for its fiscal second quarter, despite coronavirus-related headwinds, but declined to offer guidance given the uncertainty it has created. The company said it had net income of $512.1 million, or $2.62 a share, in the quarter to Aug. 31, after a loss of $525.2 million, or $2.77 a share, in the year-earlier period. The distributor of Corona beer said EPS including equity losses from its investment in Canadian cannabis company Canopy Growth Corp. came to $2.76, and excluding Canopy Growth losses came to $2.91. Sales fell 4% to $2.260 billion. The FactSet consensus was for EPS uf $2.51 and sales of $2.191 billion. Shares were slightly lower premarket, and are down 0.1% in the year to date, while the S&P 500 has gained 4%.
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STZ
News
- Constellation Brands, Inc. (NYSE: STZ) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $300.00 price target on the stock.MarketBeat
- How Good Is Constellation Brands, Inc. (NYSE:STZ), When It Comes To ROE? [Yahoo! Finance]Yahoo! Finance
- Constellation Brands (STZ) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Constellation defeats InBev appeal over Corona, Modelo seltzer branding [Reuters]Reuters
- Constellation Brands, Inc. (NYSE: STZ) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $300.00 price target on the stock.MarketBeat
STZ
Earnings
- 1/8/24 - Beat
STZ
Sec Filings
- 3/11/24 - Form 3
- 3/11/24 - Form 8-K
- 3/5/24 - Form 4
- STZ's page on the SEC website