Constellation Brands Inc. (STZ) continues to retain momentum in the market, driven by its strong brand portfolio. Various investment and asset management firms, including Neo Ivy Capital Management and Quadrature Capital Ltd, have been adjusting their positions in the company, with some selling and some buying shares. Meanwhile, the firm's strong Return on Equity (ROE) of 18% and a consistent "Moderate Buy" recommendation from brokerages reinforce investor confidence in the company. Moreover, the company's Cl A stock has shown fluctuations in its performance throughout the week, even though it generally outperformed the market. Looking into its earnings, STZ has managed to surpass earnings estimates for Q4 2024, with earnings growth fueled by higher revenues. The firm's robust beer business contributes significantly to its performance, offsetting weaker wine and spirits revenue. Going forward, it aims to boost its wine business. Despite market upticks and dips, STZ's stock remains a favored choice for long-term investment, mainly due to continued strength in its beer business. The company recently released its Q4 2024 earnings and FY25 outlook, and is scheduled to report its Q1 2025 results on July 3, 2024.
Constellation Brands STZ News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Sun, 16 Jun 2024 18:27:40 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor 2
