Constellation Brands Earnings: Booming Beer Sales Drive Another Growth Upgrade
The broader alcoholic beverage industry is enduring weak growth lately, but investors have still pushed Constellation Brands (NYSE: STZ) stock higher this year on hopes that its premium beer, wine, and spirits portfolio will generate market-beating earnings growth. The company delivered on that promise in fiscal second-quarter results this week that included a big jump in profitability as the company raised its profit outlook.
Image source: Getty Images.
More on that bubbly earnings forecast in a moment. First, here's how the big-picture operating results compare against the prior year:
Source: Fool.com
Constellation Brands Inc. Aktie
217,70 €
0,42 %
Klare Kaufempfehlung: Constellation Brands Inc. erhält nur Buy-Einschätzungen.
Ein Kursziel von 283 € für Constellation Brands Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 217.7 € bedeuten.
