We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Awaits Constellation Brands (STZ) in Q1 Earnings?
Read MoreHide Full Article
Constellation Brands Inc. (STZ - Free Report) is slated to release first-quarter fiscal 2017 results on Jun 30. Last quarter, the company had delivered a positive earnings surprise of 4.4%. In fact, it has outperformed the Zacks Consensus Estimate by an average of 9.2% over the trailing four quarters. Let’s see how things are shaping up for this announcement.
Constellation Brands has been gaining from its strategy of boosting growth via acquisitions, efforts to include new products in its wine and spirits businesses as well as strong demand for beer. The company’s top and bottom lines are benefiting from strength in the beer business, improving trends at its wine and spirits business, and solid overall depletion trends. Further, the company’s impressive outlook for fiscal 2017 reflects that it expects these robust trends to continue in the future.
While these factors make us hopeful of Constellation Brands’ upcoming results, we prefer to remain somewhat cautious, given the intense competition in the industry from other major players and the risk of increasing taxes.
Earnings Whispers
Our proven model does not conclusively show that Constellation Brands is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP for Constellation Brands is currently pegged at +1.97%. This is because the Most Accurate estimate of $1.55 stands above the Zacks Consensus Estimate of $1.52.
Zacks Rank: Constellation Brands carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Lithia Motors Inc. (LAD - Free Report) , expected to report earnings on Jul 27, has an Earnings ESP of +2.04% and a Zacks Rank #3 (Hold).
AutoNation, Inc. (AN - Free Report) , expected to report earnings on Jul 27, has an Earnings ESP of +0.95% and a Zacks Rank #3.
Blue Nile Inc. , expected to report earnings on Aug 5, has an Earnings ESP of +5.00% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Awaits Constellation Brands (STZ) in Q1 Earnings?
Constellation Brands Inc. (STZ - Free Report) is slated to release first-quarter fiscal 2017 results on Jun 30. Last quarter, the company had delivered a positive earnings surprise of 4.4%. In fact, it has outperformed the Zacks Consensus Estimate by an average of 9.2% over the trailing four quarters. Let’s see how things are shaping up for this announcement.
CONSTELLATN BRD Price and EPS Surprise
CONSTELLATN BRD Price and EPS Surprise | CONSTELLATN BRD Quote
Factors Influencing this Quarter
Constellation Brands has been gaining from its strategy of boosting growth via acquisitions, efforts to include new products in its wine and spirits businesses as well as strong demand for beer. The company’s top and bottom lines are benefiting from strength in the beer business, improving trends at its wine and spirits business, and solid overall depletion trends. Further, the company’s impressive outlook for fiscal 2017 reflects that it expects these robust trends to continue in the future.
While these factors make us hopeful of Constellation Brands’ upcoming results, we prefer to remain somewhat cautious, given the intense competition in the industry from other major players and the risk of increasing taxes.
Earnings Whispers
Our proven model does not conclusively show that Constellation Brands is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here, as you will see below:
Zacks ESP: Earnings ESP for Constellation Brands is currently pegged at +1.97%. This is because the Most Accurate estimate of $1.55 stands above the Zacks Consensus Estimate of $1.52.
Zacks Rank: Constellation Brands carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Lithia Motors Inc. (LAD - Free Report) , expected to report earnings on Jul 27, has an Earnings ESP of +2.04% and a Zacks Rank #3 (Hold).
AutoNation, Inc. (AN - Free Report) , expected to report earnings on Jul 27, has an Earnings ESP of +0.95% and a Zacks Rank #3.
Blue Nile Inc. , expected to report earnings on Aug 5, has an Earnings ESP of +5.00% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>