Constellation Brands Inc. [NYSE:STZ] will report earnings after markets close on Thursday, January 7th.
STZ Earnings Forecast For The Current Quarter
Constellation Brands Inc. [STZ] is expected to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $2.23B and an earnings per share of $2.38 for Nov 2020. Looking further ahead, the company is expected to report revenue of $1.98B at an EPS of $2.01 for Feb 2021. The estimates represent -0.30% and 8.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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STZ Earnings Estimates For The Current Year
For the financial year, Constellation Brands Inc. [NYSE:STZ] is expected to bring in revenue of $8.42B. The returns are nearly $80.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 9.43, higher than that of FY20 by $0.31. Estimates put this year’s earnings growth at 3.40%, 8.20% for the next, and at an annual 9.00% over the next 5-year period. As for sales, forecasts are for an increase of 1.00% in the current fiscal year and a further -0.30% over the following year.
STZ Price Performance
On Wall Street, Constellation Brands Inc. [NYSE:STZ] finished Tuesday’s session up 0.07% at $216.89. The stock went up to $217.80 at the same session while its lowest single day price was $215.625. In the last five days, it saw a fall of about -0.80%, Constellation Brands Inc. shares dropped by almost -0.99% since the beginning of the year. However, the share price has dropped to as low as -1.53% below its one year high. On 01/04/21, the company shares recorded $220.27, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $212.78. The company’s shares have inclined by 13.91% in the past year. The 50-day SMA achieved is $201.77 while the 200-day SMA is $180.57. Volume gained to 1.44 million from 1.2 million in the previous session.
Constellation Brands Inc. [STZ] Valuation Measures
Notably, Constellation Brands Inc. [STZ] stock cannot be classified as a good candidate in the listing of underestimated low-priced Beverages – Wineries & Distilleries companies to purchase soonest possible with the prevailing 12-month PE ratio of 40.56. The measure means the stock is exchanging at a premium as compared to the 25.21x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 5.13 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.08 which means STZ serve an unattractive investment opportunity compared to its competitors.
STZ Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 215.74 level, and in case of violation of this particular level, it will cause more drop to 214.60 level. On the upper level, 218.95 is still the key resistance. The stock may increase to the subsequent resistance at 217.92. The Relative Strength Index (RSI) pinned on the 14-day chart is 59.87, implying a neutral technical stance while the MACD stands at 1.19, meaning price will increase in the next trading period. Percent R indicator moved to 27.02%, implying bullish price movement. Stochastic %K at 80.68% suggest selling the stock.
Is Constellation Brands Inc. [NYSE:STZ] a Good Buy Right Now?
It should be noted that STZ technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Constellation Brands Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.98 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.09 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.05 million shares.
What is the short interest in Constellation Brands Inc.?
Short interest in the Constellation Brands Inc. stock has surged, increasing by 1.67 million shares to total 3.85 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 5.52 million, data from Yahoo Finance shows. The decrease of -43.38% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.37% of the overall float for the stock.
Constellation Brands Inc.’s Biggest Shareholders: Who Owns Constellation Brands Inc. [STZ]?
Filings by Capital Research & Management Co showed that the firm now holds a total of 12,242,989 shares or roughly 7.22% of the outstanding STZ shares. This means their shares have reduced by -554,728 from the 12,242,989 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $2,422,825,723. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. disposed off their -1.75% stake valued at $1,526,445,630 while BlackRock Fund Advisors cut theirs at $1,388,649,747. During the last quarter, SSgA Funds Management, Inc. liquidated -132,279 of its shares in Constellation Brands Inc. while BlackRock Fund Advisors sold -156,365 shares. The Wellington Management Co. LLP’s holdings currently number 5,670,710 shares at $1229920291.9. According to the firm’s last 13F report, JPMorgan Investment Management, I shares in the company at filing stood at 4,637,118 shares, roughly $954,504,369.
What are analyst thoughts on Constellation Brands Inc.?
Looking forward to the Constellation Brands Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Constellation Brands Inc. stock at $238.50 within the next 12 months, which represents almost 9.06 per cent growth from its previous closing price of $216.89. The highest analysts’ target for Constellation Brands Inc. stock projections is $273.00 and the lowest one is $154.00. Still, 21 analysts sharing their consensus rating for STZ stock in 2021 agree that it is an Overweight.