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Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Constellation Brands (STZ - Free Report) closed at $164.78, marking a -0.49% move from the previous day. This change lagged the S&P 500's daily gain of 0.14%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, added 0.68%.
Prior to today's trading, shares of the wine, liquor and beer company had gained 1.33% over the past month. This has lagged the Consumer Staples sector's gain of 4.7% and the S&P 500's gain of 9.43% in that time.
STZ will be looking to display strength as it nears its next earnings release, which is expected to be April 4, 2019. In that report, analysts expect STZ to post earnings of $1.77 per share. This would mark a year-over-year decline of 6.84%. Our most recent consensus estimate is calling for quarterly revenue of $1.73 billion, down 2.08% from the year-ago period.
STZ's full-year Zacks Consensus Estimates are calling for earnings of $9.20 per share and revenue of $8.05 billion. These results would represent year-over-year changes of +5.5% and +6.08%, respectively.
Any recent changes to analyst estimates for STZ should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 1.93% lower. STZ is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that STZ has a Forward P/E ratio of 17.99 right now. For comparison, its industry has an average Forward P/E of 25.22, which means STZ is trading at a discount to the group.
Also, we should mention that STZ has a PEG ratio of 1.98. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. STZ's industry had an average PEG ratio of 2.98 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Constellation Brands (STZ - Free Report) closed at $164.78, marking a -0.49% move from the previous day. This change lagged the S&P 500's daily gain of 0.14%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, added 0.68%.
Prior to today's trading, shares of the wine, liquor and beer company had gained 1.33% over the past month. This has lagged the Consumer Staples sector's gain of 4.7% and the S&P 500's gain of 9.43% in that time.
STZ will be looking to display strength as it nears its next earnings release, which is expected to be April 4, 2019. In that report, analysts expect STZ to post earnings of $1.77 per share. This would mark a year-over-year decline of 6.84%. Our most recent consensus estimate is calling for quarterly revenue of $1.73 billion, down 2.08% from the year-ago period.
STZ's full-year Zacks Consensus Estimates are calling for earnings of $9.20 per share and revenue of $8.05 billion. These results would represent year-over-year changes of +5.5% and +6.08%, respectively.
Any recent changes to analyst estimates for STZ should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 1.93% lower. STZ is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that STZ has a Forward P/E ratio of 17.99 right now. For comparison, its industry has an average Forward P/E of 25.22, which means STZ is trading at a discount to the group.
Also, we should mention that STZ has a PEG ratio of 1.98. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. STZ's industry had an average PEG ratio of 2.98 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.