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Constellation Brands (STZ) Stock Moves 1.09%: What You Should Know
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Constellation Brands (STZ - Free Report) closed at $200.63 in the latest trading session, marking a +1.09% move from the prior day. This move traded in line with S&P 500. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 2.01%.
Coming into today, shares of the wine, liquor and beer company had lost 6.7% in the past month. In that same time, the Consumer Staples sector lost 1.92%, while the S&P 500 lost 7.81%.
Wall Street will be looking for positivity from STZ as it approaches its next earnings report date. This is expected to be January 4, 2019. On that day, STZ is projected to report earnings of $2.06 per share, which would represent year-over-year growth of 3%. Meanwhile, our latest consensus estimate is calling for revenue of $1.91 billion, up 6.28% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.43 per share and revenue of $8.14 billion. These totals would mark changes of +8.14% and +7.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for STZ. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.48% higher. STZ is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, STZ is holding a Forward P/E ratio of 21.06. This represents a no noticeable deviation compared to its industry's average Forward P/E of 21.06.
We can also see that STZ currently has a PEG ratio of 1.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Beverages - Alcohol stocks are, on average, holding a PEG ratio of 2.78 based on yesterday's closing prices.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STZ in the coming trading sessions, be sure to utilize Zacks.com.
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Constellation Brands (STZ) Stock Moves 1.09%: What You Should Know
Constellation Brands (STZ - Free Report) closed at $200.63 in the latest trading session, marking a +1.09% move from the prior day. This move traded in line with S&P 500. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 2.01%.
Coming into today, shares of the wine, liquor and beer company had lost 6.7% in the past month. In that same time, the Consumer Staples sector lost 1.92%, while the S&P 500 lost 7.81%.
Wall Street will be looking for positivity from STZ as it approaches its next earnings report date. This is expected to be January 4, 2019. On that day, STZ is projected to report earnings of $2.06 per share, which would represent year-over-year growth of 3%. Meanwhile, our latest consensus estimate is calling for revenue of $1.91 billion, up 6.28% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.43 per share and revenue of $8.14 billion. These totals would mark changes of +8.14% and +7.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for STZ. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.48% higher. STZ is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, STZ is holding a Forward P/E ratio of 21.06. This represents a no noticeable deviation compared to its industry's average Forward P/E of 21.06.
We can also see that STZ currently has a PEG ratio of 1.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Beverages - Alcohol stocks are, on average, holding a PEG ratio of 2.78 based on yesterday's closing prices.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 229, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STZ in the coming trading sessions, be sure to utilize Zacks.com.