In the latest trading session, Constellation Brands (STZ - Free Report) closed at $169.18, marking a -0.12% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.9%. Elsewhere, the Dow lost 1.77%, while the tech-heavy Nasdaq lost 2.5%.
Prior to today's trading, shares of the wine, liquor and beer company had gained 2.26% over the past month. This has outpaced the Consumer Staples sector's gain of 2.19% and lagged the S&P 500's gain of 3.04% 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.
Any recent changes to analyst estimates for STZ should also be noted by investors. These revisions help to show the ever-changing nature of near-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 2.39% 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 18.05. Its industry sports an average Forward P/E of 24.51, so we one might conclude that STZ is trading at a discount comparatively.
Meanwhile, STZ's PEG ratio is currently 2. 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 3.35 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.