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Countdown to Constellation Brands (STZ) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from Constellation Brands (STZ - Free Report) is expected to reveal quarterly earnings of $3.62 per share, indicating a decline of 0.3% compared to the year-ago period. Analysts forecast revenues of $2.57 billion, representing an increase of 3.6% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Constellation Brands metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Wine and Spirits' should arrive at $135.95 million. The estimate points to a change of 0% from the year-ago quarter.
Analysts predict that the 'Net Sales- Beer' will reach $2.43 billion. The estimate indicates a year-over-year change of +3.8%.
It is projected by analysts that the 'Operating Income- Beer' will reach $958.64 million. Compared to the present estimate, the company reported $951.60 million in the same quarter last year.
Shares of Constellation Brands have experienced a change of -12.6% in the past month compared to the -0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), STZ is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Constellation Brands (STZ) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Constellation Brands (STZ - Free Report) is expected to reveal quarterly earnings of $3.62 per share, indicating a decline of 0.3% compared to the year-ago period. Analysts forecast revenues of $2.57 billion, representing an increase of 3.6% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Constellation Brands metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Wine and Spirits' should arrive at $135.95 million. The estimate points to a change of 0% from the year-ago quarter.
Analysts predict that the 'Net Sales- Beer' will reach $2.43 billion. The estimate indicates a year-over-year change of +3.8%.
It is projected by analysts that the 'Operating Income- Beer' will reach $958.64 million. Compared to the present estimate, the company reported $951.60 million in the same quarter last year.
View all Key Company Metrics for Constellation Brands here>>>Shares of Constellation Brands have experienced a change of -12.6% in the past month compared to the -0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), STZ is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .