In the latest trading session, Constellation Brands (STZ - Free Report) closed at $166.19, marking a -0.86% move from the previous day. This change lagged the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today, shares of the wine, liquor and beer company had lost 3.68% in the past month. In that same time, the Consumer Staples sector gained 0.6%, while the S&P 500 gained 1.81%.
Wall Street will be looking for positivity from STZ as it approaches its next earnings report date. This is expected to be April 4, 2019. On that day, STZ is projected to report earnings of $1.73 per share, which would represent a year-over-year decline of 9.08%. Our most recent consensus estimate is calling for quarterly revenue of $1.73 billion, down 2.08% from the year-ago period.
Investors should also note any recent changes to analyst estimates for STZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 2.13% lower. STZ is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, STZ is holding a Forward P/E ratio of 17.82. For comparison, its industry has an average Forward P/E of 23.59, which means STZ is trading at a discount to the group.
Meanwhile, STZ's PEG ratio is currently 1.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Beverages - Alcohol was holding an average PEG ratio of 3.27 at yesterday's closing price.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.