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Constellation Brands Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Published 06/04/2023, 08:08
Updated 06/04/2023, 09:10
© Reuters. Constellation Brands Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
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Benzinga - Constellation Brands, Inc. (NYSE: STZ) is expected to report financial results for its full fiscal year and fourth quarter ended Feb. 28, 2023, before the opening bell on Thursday, April 6, 2023.

Analysts expect the company to post quarterly earnings at $1.82 per share, down from year-ago earnings of $2.37 per share. The company’s revenue might come in at $2.02 billion.

Constellation Brands shares rose 1.5% to close at $221.44 on Wednesday, and added 0.1% in after-hours trading session.

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 raised the price target from $278 to $279 on March 31, 2023. This analyst sees over 25% upside in the company’s stock and has an accuracy rate of 60%.
  • JP Morgan analyst Andrea Faria Teixeira maintained an Overweight rating and raised the price target from $250 to $253 on March 30, 2023. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 64%.
  • Deutsche Bank analyst Steve Powers maintained a Hold rating and slashed the price target from $217 to $210 on March 20, 2023. This analyst sees around 5% downside in the company’s stock and has an accuracy rate of 75%.
  • Wells Fargo analyst Chris Carey maintained an Overweight rating and boosted the price target from $240 to $250 on Jan. 26, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 63%.
  • Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and cut the price target from $298 to $277 on Jan. 6, 2023. This analyst sees around 25% upside in the company’s stock and has an accuracy rate of 74%.

Read This Next: Top 5 Tech And Telecom Stocks That May Rocket Higher In April

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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