We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Constellation Brands (STZ) Looks Solid, Strategies on Track
Read MoreHide Full Article
A prudent investor takes advantage of stocks which appear promising at the right juncture. Hence, we suggest investing in Constellation Brands Inc. (STZ - Free Report) , as the stock has been gaining traction on the back of its splendid earnings history, solid strategic initiatives and inherent strength.
Spectacular Earnings History
Constellation Brands boasts a robust earnings history, as its bottom line has outperformed the Zacks Consensus Estimate for seven straight quarters now, with an average beat of 8.1%. The company recently posted stellar first-quarter fiscal 2017 results, wherein both top and bottom lines registered double-digit growth and exceeded expectations.
Results were backed by the company’s effective integration and growth of its recently acquired brands, higher margins across its portfolio along with strong consumer demand. Also, strength in its beer business, improving trends at its wine and spirits business, and solid overall depletion trends aided the beat.
Given the impressive first quarter, the company remains optimistic of its fiscal 2017 performance. The strong results and encouraging outlook also caused an uptrend in the Zacks Consensus Estimate for fiscal 2017, which increased from $6.29 to $6.31, over the past 7 days.
Growth Strategies
Constellation Brands, which shares space with other well-established players including Compania Cervecerias Unidas S.A. (CCU - Free Report) , Molson Coors Brewing Company (TAP - Free Report) and Boston Beer Co. Inc. (SAM - Free Report) , has a formidable portfolio of well-known brands, and is the largest wine company in the world. The company has a dominant position in the premium wine and beer segment in the U.S., which provides it with a competitive edge, and further bolsters its well-established position in the market.
Constellation Brands’ constant focus on brand building and its initiatives to include new products in its wine and spirits business are the key revenue drivers for the stock. Backed by its strategic endeavors, the company is witnessing robust depletion trends and increasing market share in the U.S. wine and spirits category. Also, it strives to enhance points of distribution at retail and effectively execute its strategic merchandising initiatives to boost sales.
These factors, along with Constellation Brands’ focus on acquisitions and constant shareholder-friendly moves bode well, instilling confidence among investors. Thus, we believe that it is the right time to take advantage of Constellation Brands’ bull-run, as the stock is likely to keep its momentum going.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Constellation Brands (STZ) Looks Solid, Strategies on Track
A prudent investor takes advantage of stocks which appear promising at the right juncture. Hence, we suggest investing in Constellation Brands Inc. (STZ - Free Report) , as the stock has been gaining traction on the back of its splendid earnings history, solid strategic initiatives and inherent strength.
Spectacular Earnings History
Constellation Brands boasts a robust earnings history, as its bottom line has outperformed the Zacks Consensus Estimate for seven straight quarters now, with an average beat of 8.1%. The company recently posted stellar first-quarter fiscal 2017 results, wherein both top and bottom lines registered double-digit growth and exceeded expectations.
Results were backed by the company’s effective integration and growth of its recently acquired brands, higher margins across its portfolio along with strong consumer demand. Also, strength in its beer business, improving trends at its wine and spirits business, and solid overall depletion trends aided the beat.
Given the impressive first quarter, the company remains optimistic of its fiscal 2017 performance. The strong results and encouraging outlook also caused an uptrend in the Zacks Consensus Estimate for fiscal 2017, which increased from $6.29 to $6.31, over the past 7 days.
Growth Strategies
Constellation Brands, which shares space with other well-established players including Compania Cervecerias Unidas S.A. (CCU - Free Report) , Molson Coors Brewing Company (TAP - Free Report) and Boston Beer Co. Inc. (SAM - Free Report) , has a formidable portfolio of well-known brands, and is the largest wine company in the world. The company has a dominant position in the premium wine and beer segment in the U.S., which provides it with a competitive edge, and further bolsters its well-established position in the market.
Constellation Brands’ constant focus on brand building and its initiatives to include new products in its wine and spirits business are the key revenue drivers for the stock. Backed by its strategic endeavors, the company is witnessing robust depletion trends and increasing market share in the U.S. wine and spirits category. Also, it strives to enhance points of distribution at retail and effectively execute its strategic merchandising initiatives to boost sales.
These factors, along with Constellation Brands’ focus on acquisitions and constant shareholder-friendly moves bode well, instilling confidence among investors. Thus, we believe that it is the right time to take advantage of Constellation Brands’ bull-run, as the stock is likely to keep its momentum going.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>