Constellation Brands (NYSE: STZ), a leading company in the beverages-alcohol sector, is set to report its next quarterly earnings on July 3, 2024. The company has a solid track record of surpassing earnings expectations, recently reporting $2.26 per share, exceeding the Zacks Consensus Estimate of $2.10, marking a surprise of 7.62%. Over the last two quarters, the company has averaged a surprise of 6.45%.
Currently, Constellation Brands has an earnings ESP (Expected Surprise Prediction) of +1.52%, indicating analysts’ bullish outlook on its near-term earnings potential. This positive EPS metric, along with a Zacks Rank of #3 (Hold), suggests a high likelihood of another earnings beat as the company prepares for its upcoming report.
