Published on 11 Nov 2022 on Zacks via Yahoo Finance
Constellation Brands (STZ) Outpaces Stock Market Gains: What You Should Know
Constellation Brands (STZ) closed the most recent trading day at $247, moving +1.22% from the previous trading session. This change outpaced the S&P 500's 0.92% gain on the day. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 1.06%.
Prior to today's trading, shares of the wine, liquor and beer company had gained 8.03% over the past month. This has lagged the Consumer Staples sector's gain of 9.93% and the S&P 500's gain of 9.6% in that time.
Wall Street will be looking for positivity from Constellation Brands as it approaches its next earnings report date. In that report, analysts expect Constellation Brands to post earnings of $2.96 per share. This would mark a year-over-year decline of 5.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.4 billion, up 3.47% from the year-ago period.