Can Constellation Brands’ Fiscal 4Q17 Results Boost Its Stock?



Upcoming results

Constellation Brands (STZ) is slated to announce its fiscal 4Q17 and fiscal 2017 results on April 6, 2017. 

The company’s fiscal 4Q17 ended on February 28, 2017. The beer, wine, and spirits maker exceeded Wall Street analysts’ earnings expectations in the first three quarters of its fiscal 2017.

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YTD price movement

As of March 31, Constellation Brands’ stock price had risen 5.7% YTD (year-to-date). The prices of peers Anheuser-Busch InBev (BUD), Molson Coors (TAP), and Brown-Forman (BF.B) had risen 4.1%, -1.6%, and 2.8%, respectively, YTD. Aside from its peers, Constellation Brands has also outperformed the S&P 500 Index (SPX), which has risen 5.5% YTD.

Constellation Brands’ stock price fell 7.1% on January 5, the day the company announced its fiscal 3Q17 results. Despite strong earnings, the company’s stock fell due to concerns about the impact of President Donald Trump’s trade policies on Constellation Brands, which is expanding its production facilities in Mexico.

As of March 31, Constellation Brands’ stock price had risen 10.4% since its fiscal 3Q17 results. Constellation Brands makes up 5.5% of the PowerShares Dynamic Food & Beverage ETF (PBJ).

Series overview

In this preview series on the company’s upcoming fiscal 4Q17 results, we’ll discuss analysts’ sales and earnings expectations. We’ll also discuss analysts’ recommendations for Constellation Brands stock and compare its valuation with its peers’.

Let’s start with a discussion on sales expectations for Constellation Brands.


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