Constellation Brands, Inc. (STZ) is gearing up to release its second-quarter earnings results before the market opens on Thursday, October 3rd. Investors and analysts alike are eagerly awaiting the report, with expectations running high for another strong performance.
Analysts are forecasting that the Victor, New York-based company will report quarterly earnings of $4.08 per share. This represents a significant increase from the $3.70 per share reported in the same period last year. Adding to the positive outlook, Constellation projects revenue of $2.9 billion for the quarter, according to data from Benzinga Pro.
Earlier this month, on September 3rd, Constellation Brands revised its full-year fiscal 2025 (FY25) comparable earnings per share (EPS) forecast. The updated range is now $13.60 to $13.80, slightly higher than the previous forecast of $13.50 to $13.80. This revised forecast is also slightly higher than the current analyst estimate of $13.70.
Despite the positive outlook, Constellation shares saw a slight dip, closing at $255.67 on Wednesday, down 0.8%.
To help investors navigate this market, we’ve compiled the latest analyst ratings for STZ stock from Benzinga’s most-accurate analysts:
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Barclays analyst Lauren Lieberman
maintained anOverweight
rating and increased the price target from $295 to $309 on September 24th. This analyst boasts a 67% accuracy rate.*
RBC Capital analyst Nik Modi
reiterated anOutperform
rating with a price target of $308 on September 17th. This analyst has a 62% accuracy rate.*
JP Morgan analyst Andrea Teixeira
maintained anOverweight
rating but reduced the price target from $320 to $307 on September 3rd. This analyst has a 63% accuracy rate.*
Morgan Stanley analyst Dara Mohsenian
maintained anOverweight
rating and decreased the price target from $305 to $280 on August 26th. This analyst boasts a 75% accuracy rate.*
BMO Capital analyst Andrew Strelzik
maintained anOutperform
rating with a price target of $315 on July 5th. This analyst has a 69% accuracy rate.The strong analyst sentiment, coupled with the company’s positive earnings outlook, suggests that Constellation Brands could be a compelling investment opportunity for those looking for exposure to the beverage industry.
However, as always, it’s essential to conduct thorough research and consider your own investment goals and risk tolerance before making any investment decisions.
