Constellation Brands (STZ) To Keep Earnings Beat Trend In Q3
Zacks Investment Research | Jan 01, 2019 08:34PM ET
Constellation Brands, Inc. (NYSE:STZ) is scheduled to release third-quarter fiscal 2019 results on Jan 9. Notably, this leading wine company reported positive earnings surprise of 11.2% in the last reported quarter. Furthermore, it delivered average positive earnings surprise of 4.6% in the trailing four quarters, wherein it recorded beat in three quarters.
The Zacks Consensus Estimate for earnings of $2.04 per share for the fiscal third quarter declined by a penny in the last 30 days. However, it reflects year-over-year growth of 2% from the prior-year quarter.
Constellation Brands Inc Price and EPS Surprise
industry ’s decline of 9.9%.
What the Zacks Model Predicts
Our proven model shows that Constellation Brands is likely to beat earnings estimates this quarter. A stock needs to have both a positive Zacks Investment Research
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