Constellation Brands, Inc. (STZ) is marked as the top alcohol stock to own among hedge funds. STZ saw a remarkable decline of 33.7% in short interest, suggesting the market's improved perception about the firm. The company also updated its fiscal 2025 outlook, driving positive sentiment. Noteworthy were the Q1 2025 earnings report and associated morning call transcript as a testament to their performance. However, the FY25 forecast was subsequently lowered due to economic pressures. The company's stock experienced two contrasting days, overperforming the market on one but underperforming on the other. CoreCap Advisors LLC entered a $617,000 position in STZ. On the cusp of their Q1 earnings announcement, investors' expectations were mixed. STZ’s strong beer business and boosted outlook were dampened by a cut in the annual forecast for earnings and sales growth. With high costs looming, the chances of Constellation Brands beating Q1 earnings were uncertain. A good hedge and defensive stock, STZ's EPS outlook was raised due to increased beer sales. Declining expectations for their wine and spirits business led to a trimming of the FY25 expectations, putting pressure on the beer business to maintain momentum.
Constellation Brands STZ News Analytics from Fri, 05 Jan 2024 08:00:00 GMT to Sat, 14 Sep 2024 19:21:03 GMT - Rating 3 - Innovation -5 - Rumor -2
