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Constellation Manufacturers (STZ) Q3 Earnings: Taking a Have a look at Key Metrics Versus Estimates

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For the quarter ended November 2024, Constellation Manufacturers (STZ) reported income of $2.46 billion, down 0.3% over the identical interval final 12 months. EPS got here in at $3.25, in comparison with $3.19 within the year-ago quarter.

The reported income represents a shock of -3.16% over the Zacks Consensus Estimate of $2.54 billion. With the consensus EPS estimate being $3.34, the EPS shock was -2.69%.

Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.

Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s value efficiency.

Right here is how Constellation Manufacturers carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:

  • Consolidated Comparable Internet Gross sales: 0% in comparison with the two.2% common estimate primarily based on two analysts.
  • Internet Gross sales- Wine and Spirits: $431.40 million in comparison with the $478.56 million common estimate primarily based on 5 analysts. The reported quantity represents a change of -14.1% 12 months over 12 months.
  • Internet Gross sales- Beer: $2.03 billion versus $2.07 billion estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a +3.3% change.
  • Working Earnings- Wine and Spirits: $95.20 million versus the four-analyst common estimate of $105.35 million.
  • Working Earnings- Beer: $769.90 million versus $811.75 million estimated by 4 analysts on common.
  • Working Earnings- Company Operations and Different: -$62.90 million versus -$67.41 million estimated by three analysts on common.

View all Key Company Metrics for Constellation Brands here>>>

Shares of Constellation Manufacturers have returned -8.4% over the previous month versus the Zacks S&P 500 composite’s -2.2% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in keeping with the broader market within the close to time period.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.

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