Constellation Brands (STZ - Free Report) closed the most recent trading day at $170.61, moving -0.03% from the previous trading session. This change was narrower than the S&P 500's 0.09% loss on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the wine, liquor and beer company had lost 2.35% over the past month, lagging the Consumer Staples sector's gain of 0.45% and the S&P 500's gain of 2.35% in that time.
STZ will be looking to display strength as it nears its next earnings release, which 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 8.95%. Meanwhile, our latest consensus estimate is calling for revenue of $1.73 billion, down 2.08% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for STZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 2.39% lower. STZ currently has a Zacks Rank of #3 (Hold).
Investors should also note STZ's current valuation metrics, including its Forward P/E ratio of 18.18. Its industry sports an average Forward P/E of 23.85, so we one might conclude that STZ is trading at a discount comparatively.
It is also worth noting that STZ currently has a PEG ratio of 2.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. STZ's industry had an average PEG ratio of 3.25 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.