Constellation Brands Beats Fiscal Q2 Estimates With $3.74 Adjusted EPS

Associated Press··US·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Constellation Brands Inc. reported fiscal second-quarter earnings of $565.8 million, or $3.32 per share, with adjusted earnings of $3.74 per share topping the $3.62 average estimate of seven analysts surveyed by Zacks Investment Research. The Rochester, New York-based wine, liquor and beer company posted revenue of $2.82 billion, while adjusted revenue of $2.63 billion also beat the $2.57 billion expected by six analysts surveyed by Zacks. Constellation Brands expects full-year earnings in the range of $11.20 to $11.90 per share.

Impact on assets 1

Consumer Staples▲
Constellation Brands Inc Class A
STZ
▲ PositiveCapitalrelevance

Constellation Brands beat Q2 adjusted EPS and revenue estimates and guided full-year earnings of $11.20-$11.90 per share.