Constellation Brands Earnings: What Savvy Investors Should Be Watching

Investors' attitudes toward Constellation Brands (NYSE: STZ) have changed rapidly in recent weeks. The stock had been down nearly 50% as the broader market dived in early March, but shares are up over 50% in the last three months. On Wednesday, July 1, we'll find out whether that bubbling optimism was well deserved when the alcoholic beverage giant announces its fiscal first-quarter results.

Sure, the start to fiscal 2021 isn't likely to look at all like the pre-COVID-19 outlook that management issued in early April. Sales certainly dropped as bars and restaurants remained closed for most of the period. But Constellation Brands still might have some good news for investors in this week's report.

Let's take a closer look.

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Source Fool.com