3 Reasons to Watch Constellation Brands Stock This Week
Constellation Brands (NYSE: STZ) stock is due for a bumpy trading week ahead. The owner of popular U.S. imported beer brands, including Corona and Modelo, will announce its latest earnings results before the market opens on Thursday, and expectations are running high heading into that report.
Sure, growth is slowing in several of its niches, including hard seltzer. And Constellation is likely facing increased costs that will pressure earnings. However, the broader growth and earnings outlook is bright. Management might even have some good things to say about its capital spending plans as well as potential stock buybacks or dividend increases ahead.
Let's take a closer look at why this stock is worth watching right now.
Source Fool.com
