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Constellation Brands Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Published 09/04/2024, 10:35
Updated 09/04/2024, 11:40
© Reuters. Constellation Brands Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
STZ
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Constellation Brands, Inc. (NYSE: STZ) is scheduled to release earnings results for its fourth quarter (Q4), before the opening bell on April 11, 2024.

Analysts expect the beer and spirits company to report quarterly earnings at $2.09 per share, up from $1.98 per share in the year-ago period. Constellation Brands is projected to post revenue of $2.1 billion for the quarter, compared to $2 billion in the year-earlier quarter, according to data from Benzinga Pro.

Constellation Brands named Sam Glaetzer as the company's new Executive Vice President and President, Wine & Spirits Division, effective March 11, 2024.

Constellation Brands shares gained 0.1% to close at $266.00 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $296 to $294 on April 5, 2024. This analyst has an accuracy rate of 61%.
  • Piper Sandler analyst Michael Lavery initiated coverage on the stock with an Overweight rating and a price target of $300 on March 22, 2024. This analyst has an accuracy rate of 70%.
  • B of A Securities analyst Bryan Spillane maintained a Buy rating and raised the price target from $290 to $300 on March 18, 2024. This analyst has an accuracy rate of 67%.
  • Wells Fargo analyst Chris Carey maintained an Overweight rating and boosted the price target from $285 to $295 on March 11, 2024. This analyst has an accuracy rate of 62%.
  • Argus Research analyst John Staszak downgraded the stock from Buy to Hold on Jan. 10, 2024. This analyst has an accuracy rate of 66%.
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Latest Ratings for STZ

Feb 2022Wells FargoMaintainsOverweight
Jan 2022BarclaysMaintainsOverweight
Jan 2022Credit SuisseMaintainsOutperform

View the Latest Analyst Ratings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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