Earnings Growth & Price Strength Make Constellation Brands (STZ) a Stock to Watch
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Constellation Brands (STZ)
Founded in 1945 and headquartered in Victor, NY, Constellation Brands Inc. produces and markets beer, wine and spirits. It is the third-largest beer company and a leading, high-end wine company in the United States. It has a strong portfolio of high-quality brands, including Corona, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi and SVEDKA Vodka. The company conducts its operations in the United States, Mexico, Italy and New Zealand.
On April 18, 2017, STZ was added to the Zacks Focus List at $170.12 per share. Shares have increased 41.91% to $241.42 since then.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $11.86. STZ also boasts an average earnings surprise of 4.3%.
Earnings for Constellation Brands are forecasted to see growth of 11.4% for the current fiscal year as well.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like STZ, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Constellation Brands Inc (STZ) : Free Stock Analysis Report
