Constellation Brands (STZ) has been outperforming the broader market recently. They have completed their Q4 2024 earnings call, during which Barclays maintained their overweight recommendation for STZ. At the same time, however, Russell Investments Group offloaded 10662 shares of the stock. STZ has seen some ups and downs, outperforming the market some days and underperforming on others. The stock's owner earnings per share (TTM) sits at $0.59 as of Feb 2024, and they're poised to close out FY24 on a high note after posting significant Q1 earnings growth. Their fiscal 2024 outlook remains robust thanks to burgeoning first-quarter results and a strong beer business leading to raised guidance. However, it's worth noting that STZ's wine and spirits business has been weaker, raising some investment concerns. They surpassed Q4 earnings and revenue estimates despite some overpricing criticisms and saw growth in returns on capital. STZ also announced the appointment of Sam Glaetzer as head of the Wine & Spirits division. Amidst these developments, the stock has seen strong momentum and investor interest. The company just released their full-year results and seems to be preparing for an earnings boost. They also received a reiterated buy rating from TD Cowen and are perceived as a top stock for the long-term. However, there's ongoing insider selling, suggesting some hesitancy despite the company's ambitious target to add 100M cases in the next 5 years.
Constellation Brands STZ News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Tue, 07 May 2024 05:27:22 GMT - Rating 8 - Innovation 6 - Information 6 - Rumor 4
