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. Stock
€222.60
0.220%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
As a result the target price of 280 € shows a positive potential of 25.79% compared to the current price of 222.6 € for Constellation Brands Inc..
