Key TakeawaysConstellation Brands stock rose in early trading Thursday on an earnings report that came in above expectations and amid optimistic guidance for fiscal 2025.The company makes a number of alcohol brands, including Modelo and Corona beers as well as a number of wine and spirit brands.Beer sales have been consistently increasing over the last several quarters, while wine and spirit sales have slumped. Constellation Brands (STZ) stock rose in early trading Thursday as the beverage company reported ...

Key PointsConstellation Brands is moving higher after a double beat in its fourth-quarter earnings report. The company cites higher beer sales as a key reason for the results as sales of its Modelo brand continue to increase. STZ stock looks ready to move to all-time highs as long as inflation doesn't impact consumer tastes. 5 stocks we like better than Constellation BrandsConstellation Brands Inc. NYSE: STZ stock is up 2.4% in early trading after the adult beverages company reported a double beat in its fo ...

Constellation Brands (STZ) reported $2.14 billion in revenue for the quarter ended February 2024, representing a year-over-year increase of 7.1%. EPS of $2.26 for the same period compares to $1.98 a year ago.The reported revenue represents a surprise of +1.71% over the Zacks Consensus Estimate of $2.1 billion. With the consensus EPS estimate being $2.10, the EPS surprise was +7.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Constellation Brands (STZ) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.62%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $3.03 per share when it actually produced earnings of $3.19, delivering a surprise of 5.28%.Over the last fou ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

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Follow Invezz on Telegram , Twitter , and Google News for instant updates >Constellation Brands Inc (NYSE: STZ) is trading up in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Constellation Brands stock gains on strong guidance Copy link to section The stock is being rewarded also because $STZ issued strong guidance for the future. Earnings on a per-share ba ...

VICTOR, N.Y., April 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2024 financial results and fiscal year 2025 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 11, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining th ...

Wall Street analysts expect Constellation Brands (STZ) to post quarterly earnings of $2.10 per share in its upcoming report, which indicates a year-over-year increase of 6.1%. Revenues are expected to be $2.1 billion, up 5.3% from the year-ago quarter.The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a c ...

Constellation Brands, Inc. (STZ) is scheduled to release fourth-quarter fiscal 2024 results on Apr 11, 2024. The alcoholic beverage bigwig is expected to have recorded top and bottom-line growth in the to-be-reported quarter.The Zacks Consensus Estimate for the company’s fiscal fourth-quarter earnings is pegged at $2.10 per share, indicating 6.1% growth from the year-ago quarter’s reported figure. The consensus mark has moved down by a penny in the past 30 days. The consensus mark for revenues is pegged at ...