Published on 17 Nov 2022 on Zacks via Yahoo Finance
Constellation Brands (STZ) Gains As Market Dips: What You Should Know
In the latest trading session, Constellation Brands (STZ) closed at $244.86, marking a +0.67% move from the previous day. This move outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq lost 0.13%.
Prior to today's trading, shares of the wine, liquor and beer company had gained 8.94% over the past month. This has lagged the Consumer Staples sector's gain of 9.46% and the S&P 500's gain of 10.62% in that time.
Wall Street will be looking for positivity from Constellation Brands as it approaches its next earnings report date. The company is expected to report EPS of $2.96, down 5.13% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.4 billion, up 3.47% from the year-ago period.