New to Investing? This 1 Consumer Staples Stock Could Be the Perfect Starting Point
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
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.
STZ was added to the Zacks Focus List on April 18, 2017 at $170.12 per share. Since then, shares have increased 50.07% to $255.30.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.03 to $11.90. STZ boasts an average earnings surprise of 6%.
Earnings for Constellation Brands are forecasted to see growth of 11.7% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like STZ offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Constellation Brands Inc (STZ) : Free Stock Analysis Report
