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Constellation Brands (STZ) Outpaces Stock Market Gains: What You Should Know
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Constellation Brands (STZ - Free Report) closed the most recent trading day at $172.33, moving +1.3% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Heading into today, shares of the wine, liquor and beer company had gained 0.51% over the past month, lagging the Consumer Staples sector's gain of 4.04% and the S&P 500's gain of 0.64% 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. On that day, STZ is projected to report earnings of $1.72 per share, which would represent a year-over-year decline of 9.47%. Meanwhile, our latest consensus estimate is calling for revenue of $1.73 billion, down 2.31% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for STZ. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 1.67% lower. STZ is currently a Zacks Rank #3 (Hold).
Looking at its valuation, STZ is holding a Forward P/E ratio of 18.24. For comparison, its industry has an average Forward P/E of 24.26, which means STZ is trading at a discount to the group.
Meanwhile, STZ's PEG ratio is currently 2.02. 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 industry currently had an average PEG ratio of 3.33 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 37% 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.
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) Outpaces Stock Market Gains: What You Should Know
Constellation Brands (STZ - Free Report) closed the most recent trading day at $172.33, moving +1.3% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.36%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.34%.
Heading into today, shares of the wine, liquor and beer company had gained 0.51% over the past month, lagging the Consumer Staples sector's gain of 4.04% and the S&P 500's gain of 0.64% 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. On that day, STZ is projected to report earnings of $1.72 per share, which would represent a year-over-year decline of 9.47%. Meanwhile, our latest consensus estimate is calling for revenue of $1.73 billion, down 2.31% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for STZ. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 1.67% lower. STZ is currently a Zacks Rank #3 (Hold).
Looking at its valuation, STZ is holding a Forward P/E ratio of 18.24. For comparison, its industry has an average Forward P/E of 24.26, which means STZ is trading at a discount to the group.
Meanwhile, STZ's PEG ratio is currently 2.02. 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 industry currently had an average PEG ratio of 3.33 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 37% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.