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Constellation Brands (STZ) Stock Moves -0.6%: What You Should Know
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Constellation Brands (STZ - Free Report) closed at $201.91 in the latest trading session, marking a -0.6% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.97%. Meanwhile, the Dow lost 2.32%, and the Nasdaq, a tech-heavy index, lost 2.78%.
Heading into today, shares of the wine, liquor and beer company had lost 6.72% over the past month, lagging the Consumer Staples sector's gain of 1.24% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from STZ as it approaches its next earnings release, which 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%. Our most recent consensus estimate is calling for quarterly revenue of $1.91 billion, up 6.28% from the year-ago period.
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. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. STZ currently has a Zacks Rank of #3 (Hold).
Investors should also note STZ's current valuation metrics, including its Forward P/E ratio of 21.55. This represents a discount compared to its industry's average Forward P/E of 22.39.
Also, we should mention that STZ has a PEG ratio of 1.97. 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. The Beverages - Alcohol was holding an average PEG ratio of 2.86 at yesterday's closing price.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Constellation Brands (STZ) Stock Moves -0.6%: What You Should Know
Constellation Brands (STZ - Free Report) closed at $201.91 in the latest trading session, marking a -0.6% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.97%. Meanwhile, the Dow lost 2.32%, and the Nasdaq, a tech-heavy index, lost 2.78%.
Heading into today, shares of the wine, liquor and beer company had lost 6.72% over the past month, lagging the Consumer Staples sector's gain of 1.24% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from STZ as it approaches its next earnings release, which 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%. Our most recent consensus estimate is calling for quarterly revenue of $1.91 billion, up 6.28% from the year-ago period.
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. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. STZ currently has a Zacks Rank of #3 (Hold).
Investors should also note STZ's current valuation metrics, including its Forward P/E ratio of 21.55. This represents a discount compared to its industry's average Forward P/E of 22.39.
Also, we should mention that STZ has a PEG ratio of 1.97. 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. The Beverages - Alcohol was holding an average PEG ratio of 2.86 at yesterday's closing price.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.