Constellation Brands (STZ) continues to demonstrate consistent earnings growth, particularly in its beer business. Despite minor stock sell-offs and market underperformance, the company has not been short of growth, as reflected in its Returns on Capital. Most recently, Q2 earnings and revenue topped estimates. The company’s beer business remains resilient even in a challenging environment. Share purchases have been reported from various entities including Segall Bryant & Hamill LLC and Empowered Funds LLC. Even with misses on Q3 sales targets and charges linked to their wine business, Constellation Brands has maintained a strong beer business which has led to an outperform market rating from the Royal Bank of Canada. A major insider sale took place recently, but this did not greatly affect company's stock performance. Despite ‘challenging dynamics’, Constellation still ponders selling more wine and spirit assets. Their strong standing in the beer industry, matched with financial performance, has created a promising outlook for the company into 2025.
Constellation Brands STZ News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Sat, 23 Nov 2024 22:25:15 GMT -
Rating 6
- Innovation 4
- Information 6
- Rumor -2
