Constellation Brands Raises EPS Outlook Amid Higher Beer Sales [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Yahoo! Finance
The company's Modelo Especial continued to be the top-selling beer brand in the U.S. Constellation Brands now expects full-year EPS of $14.63 to $14.93, up from its previous outlook of $13.40 to $13.70. Constellation Brands ( STZ ) on Wednesday reported a big jump in first-quarter profit and lifted its full-year guidance on higher beer sales, but wine and spirits sales fell. The company reported first-quarter fiscal 2025 earnings per share (EPS ) of $4.78, well above the $3.45 consensus estimate of analysts compiled by Visible Alpha and last year's figure of $0.74. Revenue was up 5.8% year-over-year to $2.66 billion, a tick below forecasts. Modelo Especial Leads Beer Sales Higher Beer sales rose 8.3% to $2.27 billion, boosted by a gain of 7.6% in shipment volumes, as well as cost-savings initiatives. Demand for Modelo Especial continued to grow, with Constellation noting it had the most dollar sales of any brand in the U.S. Modelo Especial overtook Anheuser-Busch InBev's (
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News
- Constellation Brands, Inc. (NYSE: STZ) had its price target lowered by analysts at Barclays PLC from $292.00 to $287.00.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its price target raised by analysts at JPMorgan Chase & Co. from $291.00 to $320.00. They now have an "overweight" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its price target raised by analysts at Jefferies Financial Group Inc. from $310.00 to $311.00. They now have a "buy" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its price target lowered by analysts at Roth Mkm from $305.00 to $303.00. They now have a "buy" rating on the stock.MarketBeat
- Constellation Brands, Inc. (NYSE: STZ) had its price target raised by analysts at UBS Group AG from $315.00 to $320.00. They now have a "buy" rating on the stock.MarketBeat
STZ
Earnings
- 7/3/24 - Beat
STZ
Sec Filings
- 7/3/24 - Form 10-Q
- 7/3/24 - Form 8-K
- 6/14/24 - Form PX14A6G
- STZ's page on the SEC website