Constellation Brands jumps as Q4 beats estimates and issues $11.20–$11.90 EPS outlook
Constellation Brands shares are jumping after fiscal Q4 results topped expectations, with adjusted EPS of $1.90 versus $1.74 expected and adjusted revenue of $1.92B. The company also issued a full-year earnings outlook of $11.20 to $11.90 per share, helping drive today’s roughly 5% gain.
1) What’s moving the stock
Constellation Brands (STZ) is higher today after reporting fiscal fourth-quarter results that beat Wall Street expectations on both profit and sales metrics. The company posted adjusted earnings of $1.90 per share versus a $1.74 per share estimate, and adjusted revenue of $1.92 billion, slightly above the $1.90 billion estimate—numbers that are catalyzing the stock’s roughly 5% advance in the session. (wtop.com)
2) Key numbers investors are reacting to
For the fiscal fourth quarter, Constellation reported profit of $201.8 million, or $1.16 per share, with adjusted EPS at $1.90 per share. Revenue was reported as $2.05 billion, while adjusted revenue was $1.92 billion. (wtop.com)
3) Outlook and why it matters
Beyond the headline beat, investors are also focusing on guidance: Constellation said it expects full-year earnings in the range of $11.20 to $11.90 per share. With the company coming off a period of heightened sensitivity to demand trends in beverage alcohol, the reiterated forward earnings range is being treated as a stability signal and is amplifying the post-earnings move. (wtop.com)