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Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
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Constellation Brands (STZ - Free Report) closed the most recent trading day at $195.76, moving -0.23% from the previous trading session. This change lagged the S&P 500's 0.82% gain on the day. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.79%.
Coming into today, shares of the wine, liquor and beer company had lost 2.32% in the past month. In that same time, the Consumer Staples sector gained 0.57%, while the S&P 500 gained 3.94%.
STZ will be looking to display strength as it nears its next earnings release, which is expected to be January 4, 2019. In that report, analysts expect STZ to post earnings of $2.58 per share. This would mark year-over-year growth of 29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.91 billion, up 6.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.43 per share and revenue of $8.14 billion, which would represent changes of +8.14% and +7.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for STZ. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. STZ currently has a Zacks Rank of #3 (Hold).
In terms of valuation, STZ is currently trading at a Forward P/E ratio of 20.82. Its industry sports an average Forward P/E of 22.19, so we one might conclude that STZ is trading at a discount comparatively.
Also, we should mention that STZ has a PEG ratio of 1.9. 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. Beverages - Alcohol stocks are, on average, holding a PEG ratio of 2.89 based on yesterday's closing prices.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 228, which puts it in the bottom 11% 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
Constellation Brands (STZ - Free Report) closed the most recent trading day at $195.76, moving -0.23% from the previous trading session. This change lagged the S&P 500's 0.82% gain on the day. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.79%.
Coming into today, shares of the wine, liquor and beer company had lost 2.32% in the past month. In that same time, the Consumer Staples sector gained 0.57%, while the S&P 500 gained 3.94%.
STZ will be looking to display strength as it nears its next earnings release, which is expected to be January 4, 2019. In that report, analysts expect STZ to post earnings of $2.58 per share. This would mark year-over-year growth of 29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.91 billion, up 6.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.43 per share and revenue of $8.14 billion, which would represent changes of +8.14% and +7.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for STZ. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. STZ currently has a Zacks Rank of #3 (Hold).
In terms of valuation, STZ is currently trading at a Forward P/E ratio of 20.82. Its industry sports an average Forward P/E of 22.19, so we one might conclude that STZ is trading at a discount comparatively.
Also, we should mention that STZ has a PEG ratio of 1.9. 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. Beverages - Alcohol stocks are, on average, holding a PEG ratio of 2.89 based on yesterday's closing prices.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 228, which puts it in the bottom 11% 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.