Here's why analysts like Corona beer maker Constellation Brands heading into its earnings report

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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 tesla falls, oil surges. Just like the old days. Dow will be down 1500 tomorrow at a minimum. Darkest days are ahead. Nope
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »