The Street is upbeat on the company's durable business, which fits our investment thesis on the company.
Wall Street analysts are upbeat about Constellation Brands heading into its earnings release before the opening bell Thursday, noting the durability of the beer and wine company's business — a view shared by the Club. Constellation has a lock on Mexican beer, with its Corona, Modelo and Pacifico brands. The company's wine portfolio includes Robert Mondavi, Simi and Woodbridge. In its fiscal second quarter, analysts are expecting Constellation to report earnings-per-share of $2.
Morgan Stanley address that issues, saying they believe Constellation could raise its full year guidance to $11.40 to $11.70 adjusted EPS . Drivers include accelerating sales growth, strong beer trends and market share expansion, which are factors that could also benefit its valuation, the research note explains. Credit Suisse is also expecting a positive quarter. Analysts estimate top-line growth to continue as the company's beer business remains a key market driver.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man arrested, accused of arson in fires at Grant Hill house, apartment buildingThe investigation into several fires at the property on K Street near 38th Street was ongoing
Read more »
Julia Fox Took Street Style To A New Level This Fashion MonthLove her or... really love her, Julia Fox delivered some of our favorite fashion month moments this season.
Read more »
Wall Street soars to best day since summer, S&P 500 up 2.6%Wall Street rallied to its best day since July as falling bond yields eased some of the pressure that’s battered markets
Read more »
Stock Market Today: Dow Closes Nearly 800 Points Higher; Tesla Falls; Oil SurgesThe Dow industrials surged more than 700 points, as stocks staged a broad rally to start the fourth quarter after a punishing stretch of down days
Read more »