Constellation Brands

Constellation Brands - Consumer Goods | Beverages - Wineries & Distillers 

Constellation Brands Slides After Profit Tumbles, Outlook Is Reduced

Shares of Constellation Brands Inc. (STZ - Get Report) slid more than 10% in early trading on Wednesday after the company announced a significant drop in profit related to its recent investment in Canadian marijuana producer Canopy Growth Corp. (CGC) and cut its profit outlook for fiscal 2019.

The beer, wine and spirits producer said Wednesday that net income for its fiscal quarter ended Nov. 30, fell to $303.1 million, or $1.56 a share, from $492.8 million, or $2.45 a share, a year earlier, thanks to higher freight and marketing costs as well as interest costs related to its investment in Canopy Growth.

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https://www.thestreet.com/investing/earn...yptr=yahoo

Buyers Belly Up to Constellation Brands After Wednesday's Big Stumble

A number of analysts maintain the beer and wine giant's valuation is even more attractive for long-term investors thanks to a sharp decline in its shares.

Constellation Brands Inc.  (STZ) could be serving up a buying opportunity after a big stumble on Wednesday.

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https://realmoney.thestreet.com/investin...yptr=yahoo

Constellation Brands Jumps on 4th-Quarter Results

The US global beverage company beats consensus estimates on non-GAAP earnings and revenues

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after beating consensus estimates by 12 cents with non-GAAP earnings of $1.84 per share for the final trimester of fiscal 2019. The result represented a 3.2% decline from the same quarter a year ago.

Non-GAAP earnings also soared 40% to $6.37 per share in the quarter. Revenue was $1.8 billion or 1.7% higher, beating expectations by $70 million. Revenue growth was driven by strong shipments volume of Modelo and Corona brands. The beer business segment contributed 60.6% or $1.09 billion in revenue and the wine and spirits business segment 39.4% or $707.1 million.

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https://www.gurufocus.com/news/842559/co...er-results-

Constellation Brands (STZ) Q1 Earnings & Sales Beat Estimates

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Q1 Highlights

Constellation Brands reported first-quarter earnings of $2.21 per share, which outpaced the Zacks Consensus Estimate of $2.07. The reported figure includes Canopy Growth CGC equity loss of 20 cents. Excluding the Canopy effect, it posted earnings of $2.40, which grew 9% from the year-ago quarter.


At the company’s beer business, sales improved 7.4% to $1,477.4 million, driven by a 5.4% rise in shipment volume and 6.6% depletions growth.

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https://finance.yahoo.com/news/constella...03944.html

Constellation Brands (STZ) Q2 Earnings and Revenues Beat Estimates

Constellation Brands (STZ) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $2.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.21%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $2.07 per share when it actually produced earnings of $2.21, delivering a surprise of 6.76%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Constellation Brands, which belongs to the Zacks Beverages - Alcohol industry, posted revenues of $2.34 billion for the quarter ended August 2019, surpassing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $2.30 billion.


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https://finance.yahoo.com/news/constella...12587.html

Constellation Brands (STZ) Beats on Q3 Earnings, Ups View

Constellation Brands Inc. STZ has delivered stellar third-quarter fiscal 2020 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. With this, the company reported earnings and sales beat in the last eight consecutive quarters. Results were primarily aided by strength in the beer business and strong margins. Further, the company raised its earnings and cash flow guidance for fiscal 2020.

Q3 Highlights

Constellation Brands reported fiscal third-quarter earnings of $2.14 per share, which outpaced the Zacks Consensus Estimate of $1.85. The reported figure included Canopy Growth CGC equity loss of 25 cents. Excluding the Canopy effect, the company posted earnings of $2.39, which grew 1% from the year-ago quarter.


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https://finance.yahoo.com/news/constella...03216.html

Constellation Brands (STZ) Q1 Earnings Beat, Sales Miss

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Constellation Brands posted fiscal first-quarter comparable earnings of $2.03 per share, which increased 4% year over year and beat the Zacks Consensus Estimate of $2.03. The reported figure included Canopy Growth equity loss of 15 cents. Excluding the impacts of Canopy Growth, the company posted earnings of $2.44 per share, which grew 2% from the year-ago quarter.

Net sales declined 6.4% to $1,963.4 million and missed the Zacks Consensus Estimate of $1,981.5 million.


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https://finance.yahoo.com/news/constella...02449.html

Constellation Brands (STZ) Beats Q3 Earnings and Revenue Estimates

Zacks Equity Research
Thu, January 7, 2021, 3:25 PM GMT+1·3 min read

Constellation Brands (STZ) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 28.22%. A quarter ago, it was expected that this wine, liquor and beer company would post earnings of $2.51 per share when it actually produced earnings of $2.76, delivering a surprise of 9.96%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Constellation Brands, which belongs to the Zacks Beverages - Alcohol industry, posted revenues of $2.44 billion for the quarter ended November 2020, surpassing the Zacks Consensus Estimate by 7.37%.


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https://finance.yahoo.com/news/constella...02528.html

Constellation Brands (STZ) Misses on Q1 Earnings, Updates View

Constellation Brands posted fiscal first-quarter comparable earnings of $2.33 per share, which rose 1% year over year but missed the Zacks Consensus Estimate of $2.35. On a reported basis, the company incurred a loss per share of $4.74, which included Canopy Growth equity losses of 18 cents. Excluding the impacts of Canopy Growth, it posted comparable earnings of $2.51 per share, up 3% from the year-ago period.

Net sales improved 3% to $2,026.5 million but lagged the Zacks Consensus Estimate of $2,050.8 million. Organic net sales advanced 14% year over year.


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https://finance.yahoo.com/news/constella...02141.html