We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Constellation Brands (STZ) Q4 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Constellation Brands (STZ - Free Report) reported $2 billion in revenue for the quarter ended February 2023, representing a year-over-year decline of 5%. EPS of $1.98 for the same period compares to $2.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.03 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $1.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Constellation Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Wine and Spirits: $462.20 million compared to the $522.16 million average estimate based on four analysts. The reported number represents a change of -13.9% year over year.
Net Sales- Beer: $1.54 billion compared to the $1.50 billion average estimate based on four analysts. The reported number represents a change of -1.9% year over year.
Operating Income- Wine and Spirits: $127.90 million versus the three-analyst average estimate of $143.31 million.
Operating Income- Corporate Operations and Other: -$59.20 million compared to the -$66.15 million average estimate based on three analysts.
Operating Income- Beer: $523.10 million versus $512.15 million estimated by three analysts on average.
Shares of Constellation Brands have returned +1% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Constellation Brands (STZ) Q4 Earnings: A Look at Key Metrics
Constellation Brands (STZ - Free Report) reported $2 billion in revenue for the quarter ended February 2023, representing a year-over-year decline of 5%. EPS of $1.98 for the same period compares to $2.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.03 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $1.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Constellation Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Constellation Brands here>>>
Shares of Constellation Brands have returned +1% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.