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Can Constellation Brands Beat Q1 Earnings Amid High Costs?

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Constellation Brands, Inc. (NYSE: STZ) is scheduled to release first-quarter fiscal 2025 results on Jul 3, 2024. The alcoholic beverage bigwig is expected to have recorded top and bottom-line growth in the to-be-reported quarter.
The Zacks Consensus Estimate for the company’s fiscal first-quarter earnings is pegged at $3.46 per share, indicating 18.9% growth from the year-ago quarter’s reported figure. The consensus mark has moved down 0.6% in the past 30 days. The consensus mark for revenues is pegged at $2.7 billion, suggesting a 6.3% increase from the prior-year quarter’s reported figure.
In the last reported quarter, the alcohol behemoth delivered an earnings surprise of 7.6%. Its bottom line beat estimates by 6.3%, on average, over the trailing four quarters.

Constellation Brands Inc Price and EPS Surprise

Constellation Brands Inc Price and EPS Surprise

Constellation Brands Inc price-eps-surprise | Constellation Brands Inc Quote

Key Factors to Note

Constellation Brands’ solid brand portfolio and continued efforts to lift the brands through its premiumization efforts have been aiding its performance for several quarters. Strength in its beer portfolio, with continued growth of Modelo Especial and Corona Extra and newer brands — Pacifico and the Modelo Chelada, has been bolstering its top line.
The company’s premiumization strategy has been playing out well, as evidenced by accelerated growth of Power Brands. The company’s high-end Power Brands, including The Prisoner Brand Family, Kim Crawford and Meiomi, within the Wine & Spirits segment, have been the key growth drivers.
The …

Full story available on Benzinga.com

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