Constellation Brands (STZ) tops consensus expectations, raises FY24 EPS guidance
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Corona beer maker Constellation Brands bets on higher pricing to lift profit view
October 5, 2023 7:48 AM EDT(Reuters) -Constellation Brands raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter.
Alcohol producers such as Constellation and peer Brown-Forman have benefited from increasing prices, helping offset steeper raw material costs.
Constellation also raised... More
Constellation Brands (STZ) Tops Q2 EPS by 34c
October 5, 2023 7:34 AM EDTConstellation Brands (NYSE: STZ) reported Q2 EPS of $3.70, $0.34 better than the analyst estimate of $3.36. Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.82 billion.
For earnings history and earnings-related data on Constellation Brands (STZ) click here.
... MoreConstellation Brands (STZ) PT Raised to $300 at Wedbush, added to "Best Ideas List"
October 3, 2023 7:59 AM EDT(Updated - October 3, 2023 8:11 AM EDT)
Wedbush analyst Gerald Pascarelli raised the price target on Constellation Brands (NYSE: STZ) to $300.00 (from $275.00) while maintaining a Outperform rating.
The analyst comments: "We see multiple upcoming catalysts on the horizon for STZ which adds to... More
Constellation Brands (STZ) PT Raised to $285 at Wells Fargo
October 3, 2023 6:41 AM EDTWells Fargo analyst Bonnie Herzog raised the price target on Constellation Brands (NYSE: STZ) to $285.00 (from $280.00) while maintaining a Overweight rating.... More
