Constellation Brands (STZ) had a notable second quarter, comparing favorably to other beverages and alcohol stocks. The company's earnings are projected to grow, with various financial entities, such as
MBB Public Markets I LLC and
ProShare Advisors LLC, purchasing thousands of STZ shares. Despite recording up to $2.5 billion in charges linked to its wine business, shareholders and analysts remain optimistic due to steady revenue increase from its beer business. Its
Q1 2025 earnings report showed promising numbers, prompting Barclays to increase Constellation Brands' price target to $309.00. However, soft wine and spirits trends may hinder the Q2 earnings. Despite this, numerous hedge funds consider STZ the best alcohol stock to own. Following a 2% drop after the last earnings report, Constellation Brands recently issued updates to its Fiscal 2025 Outlook. With Modelo beer sales bolstering revenue, the company exhibited mixed Q1 results. The investment concern comes from a planned $2.5 billion charge due to weak wine and spirits sales. Despite lowering its FY25 EPS outlook due to soft demand for wine and spirits, STZ maintained steady growth in beer revenue, marking its key profit area.
Constellation Brands STZ News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 12:28:54 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -6
