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Constellation Brands (STZ) Rises Higher Than Market: Key Facts
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The latest trading session saw Constellation Brands (STZ - Free Report) ending at $235.70, denoting a +0.54% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.39%. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.2%.
The wine, liquor and beer company's stock has dropped by 2.04% in the past month, falling short of the Consumer Staples sector's gain of 1.75% and the S&P 500's gain of 5.28%.
The investment community will be paying close attention to the earnings performance of Constellation Brands in its upcoming release. The company is slated to reveal its earnings on January 5, 2024. The company's upcoming EPS is projected at $3.03, signifying a 7.07% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.56 billion, up 4.91% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.82 per share and revenue of $10.07 billion, which would represent changes of +10.99% and +6.55%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Constellation Brands. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% lower within the past month. Constellation Brands presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Constellation Brands is at present trading with a Forward P/E ratio of 19.83. This denotes a premium relative to the industry's average Forward P/E of 17.84.
One should further note that STZ currently holds a PEG ratio of 1.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Beverages - Alcohol industry had an average PEG ratio of 1.9.
The Beverages - Alcohol industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Constellation Brands (STZ) Rises Higher Than Market: Key Facts
The latest trading session saw Constellation Brands (STZ - Free Report) ending at $235.70, denoting a +0.54% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.39%. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.2%.
The wine, liquor and beer company's stock has dropped by 2.04% in the past month, falling short of the Consumer Staples sector's gain of 1.75% and the S&P 500's gain of 5.28%.
The investment community will be paying close attention to the earnings performance of Constellation Brands in its upcoming release. The company is slated to reveal its earnings on January 5, 2024. The company's upcoming EPS is projected at $3.03, signifying a 7.07% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.56 billion, up 4.91% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.82 per share and revenue of $10.07 billion, which would represent changes of +10.99% and +6.55%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Constellation Brands. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% lower within the past month. Constellation Brands presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Constellation Brands is at present trading with a Forward P/E ratio of 19.83. This denotes a premium relative to the industry's average Forward P/E of 17.84.
One should further note that STZ currently holds a PEG ratio of 1.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Beverages - Alcohol industry had an average PEG ratio of 1.9.
The Beverages - Alcohol industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.