L'intérêt à découvert pour Constellation Brands donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Constellation Brands. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Constellation Brands (NYSE:STZ) Stock, Rapport sur les intérêts à découvert

Constellation Brands

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands Inc

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Constellation Brands Exec Says Expects Sequentially Lower Operating Margins In H2

Constellation Brands Exec Says Consumers Seeking More Value Oriented Packs And Channels To Manage Their Spend

CORRECTION: Constellation Brands Reaffirms FY25 EPS Outlook Of $13.60-$13.80 Vs. $13.69 Estimate; Projects Enterprise Net Sales Growth Of 4%-6%

Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) shares are trading<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> slightly lower on Thursday.</a>
The company reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion.
The company reported a loss per share of $6.59, including a non-cash goodwill impairment loss for the Wine and Spirits business of $2.25 billion.
The Beer business achieved solid mid-single-digit net sales growth while sustaining momentum in operating margin expansion, resulting in double-digit operating income growth.
Constellation said in a release that beer business dollar sales are outperforming the total beverage industry and combined alcoholic beverage categories in Circana-tracked channels.
Disciplined operational efficiency and cost management initiatives have facilitated incremental marketing investments launched in the third quarter of fiscal 2025.
The Wine and Spirits business is progressing with commercial and operational initiatives aimed at improving sequential net sales and operating income in the third quarter and fourth quarter of fiscal 2025.
Also Read:<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/10/41162901/constellation-brands-reports-upbeat-earnings-joins-constellation-energy-and-other-big-stocks" rel="noreferrer noopener"> Constellation Brands Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
On October 1, Constellation&#8217;s board of directors declared a quarterly cash dividend of $1.01 per share for Class A Common Stock. The dividend will be payable on November 21 to stockholders of record as of the close of business on November 5.
Outlook: Constellation Brands affirmed recently updated FY25 adjusted EPS forecast of $13.60 &#8211; $13.80, compared to the $13.69 estimate. The company continues to expect enterprise net sales growth of 4% to 6%. Last month, the company revised its FY25 outlook amid <a target="_blank" href="https://www.benzinga.com//node/40691752" rel="noreferrer noopener">ongoing macroeconomic headwinds.</a>
Price Action: STZ shares are trading lower by 1.03% to $253.04 at last check Thursday.
Now Read This:
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<li><a href="https://www.benzinga.com/markets/24/10/41156151/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yi" target="_blank" rel="noreferrer noopener">Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a></li>
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Earnings

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Dividends

Markets

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General

Constellation Brands Beats On Q2 Earnings, Beer Business Achieved Solid Mid-Single-Digit Sales Growth

U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% on Thursday.
Shares of Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) rose in today's pre-market trading <a href="https://www.benzinga.com/quote/STZ/earnings">following second-quarter results</a>.
Constellation Brands reported quarterly earnings of $4.32 per share which beat the analyst consensus estimate of $4.08 per share. The company reported quarterly sales of $2.92 billion which beat the analyst consensus estimate of $2.90 billion.
Constellation Brands shares gained around 1% to $258.00 in pre-market trading.
Here are some big stocks recording gains in today's pre-market trading session.
<ul>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) shares jumped 10% to $4.30 in pre-market trading after surging 22% on Wednesday.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) gained 9.4% to $4.30 in pre-market trading.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) shares rose 6.6% to $6.02 in pre-market trading after gaining around 7% on Wednesday.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) gained 5.8% to $10.05 in pre-market trading after climbing over 10% on Wednesday. Oklo recently finalized a memorandum of agreement with the U.S. Department of Energy, granting access to conduct site investigations at its preferred site in Idaho.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 5.3% to $67.69 in pre-market trading after climbing over 7% on Wednesday.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) climbed 4% to $276.00 in pre-market trading.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) gained 3.3% to $12.80 in pre-market trading following a 4% gain on Wednesday.</li>
</ul>
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</ul>

Trading Ideas

AIXI

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OKLO

Constellation Brands Reports Upbeat Earnings, Joins Constellation Energy And Other Big Stocks Moving Higher In Thursday's Pre-Market Session

Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) reported quarterly earnings of $4.32 per share which beat the analyst consensus estimate of $4.08 by 5.88 percent. This is a 16.76 percent increase over earnings of $3.70 per share from the same period last year. The company reported quarterly sales of $2.92 billion which beat the analyst consensus estimate of $2.90 billion by 0.66 percent. This is a 2.89 percent increase over sales of $2.84 billion the same period last year.

Earnings Beats

Constellation Brands Q2 Adj $4.32 Beats $4.08 Estimate, Sales $2.92B Beat $2.90B Estimate

Sentiment continues to be cautious as traders play the &#8220;wait-and-watch&#8221; game until they see off <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41148891/jobs-report-in-focus-will-slower-growth-push-the-fed-toward-november-interest-rate-">Friday&#8217;s non-farm payroll data.</a> The index futures traded moderately lower early Thursday. The weekly jobless claims data along with the ongoing tensions in the Middle East and the status of the dockworkers strike are among the key focal items for traders. The S&amp;P 500 has gained in all but one month so far this year and the momentum is supporting the market even as it navigates through another air pocket centered this time mainly around geopolitics.
Oil&#8217;s extended run could keep energy stocks buoyant and artificial intelligence stalwart Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) traded higher in premarket, while electric-vehicle stocks have decelerated.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.44%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.36%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.67%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.30% to $567.15 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.39% to $480.09, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Wednesday&#8217;s session marginally higher, as the market overcame early jitters set in motion by a stronger-than-expected private payrolls report and the ongoing headwinds such as the Middle East tensions and dockworkers&#8217; strike. After recouping early losses, the averages moved in a narrow range around the unchanged line before ending slightly higher.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.08%</td>
<td>17,925.12</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.01%</td>
<td>5,709.54</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.09%</td>
<td>42,196.52</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.09%</td>
<td>2,195.01</td>
</tr>
</tbody>
</table>
</figure>
Seven of the 11 S&amp;P 500 sectors ended in the red, while energy stocks rallied strongly and IT stocks found moderate buying interest. Utility and financial stocks rose marginally.
Insights From Analysts:
The non-farm payrolls report due on Friday is expected to show job gains of 150,000 for September, up from 142,000 in August. JPMorgan Trading Desk <a href="https://x.com/TradingThomas3/status/1841607537445183928">predicts </a>a volatile Friday, with the S&amp;P 500 Index potentially moving either side of the flat line in a range of a 2% decline to a 1.5% gain depending on how the numbers pan out,
<ul>
<li>job gains over 20,000 &#8211; flat to 0.5% gain</li>
<li>160,000-20,000 &#8211; 1%-1.5% gain</li>
<li>140,000-160,000 &#8211; 0.75%-1.25%</li>
<li>110,000 &#8211; 140,000 &#8211; 0.5%-1.5% drop</li>
<li>less than 110,000 &#8211; 1.25%-2% drop</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department will release the weekly jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 220,000 in the week ended Sept. 28, up from 218,000 in the previous reporting week.</li>
<li>S&amp;P Global is due to release its final service sector manufacturing index at 9:45 a.m. EDT. The flash reading released in mid-September came in at 55.4, up from 54.2 in August.</li>
<li>The Institute for Supply Management&#8217;s non-manufacturing PMI, due at 10 a.m. EDT, is expected at 51.7 in September, almost flattish at 51.5 reported for August.</li>
<li>The Commerce Department will release the factory goods orders report at 10 a.m. EDT. The consensus estimate calls for unchanged orders for August relative to September when orders climbed 5% month-over-month.</li>
<li>Minneapolis Fed President Neel Kashkari is due to moderate a discussion with Atlanta Fed President Raphael Bostic at 10:40 a.m. EDT.</li>
<li>The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) slumped nearly 11% <a href="https://www.benzinga.com/premarket">in premarket trading </a>on the company&#8217;s quarterly results released after the market close on Wednesday.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) and Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) are due to release their <a href="https://www.benzinga.com/calendars/earnings">quarterly results ahead of the market opening.</a></li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell over 1.50%, extending its slide from Wednesday, and most electric-vehicle stocks, including Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) all traded down about 2%.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) moved down 1.85% following a negative analyst action.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures continued their upward climb amid intensifying Middle East tensions, while gold futures fell modestly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) declined over 1% below the $61K mark. The yield on the 10-year Treasury note rose 2.4 points to 3.809%.
Most Asian retreated barring the Japanese, Australian, New Zealand and Malaysian markers, while China and South Korea were closed for public holidays. The major European markets lost ground in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41159016/port-strike-enters-day-3-economist-warns-of-meaningful-impact-if-standoff-prolongs-food-beverages-li">Port Strike Enters Day 3: Economist Warns Of &#8216;Meaningful&#8217; Impact If Standoff Prolongs, Food &amp; Beverages Likely First To Feel The Pinch</a></li>
</ul>
Image Via Shutterstock

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Pre-Market Outlook

$BTC

ANGO

CHPT

LCID

LEVI

NVDA

PLUG

RIVN

TSLA

US Stocks Staring At Another Weak Open As Traders Await Key Jobs Report; Sentiment Wavers As Oil Extends Surge Amid Middle East Tensions

Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) will release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/STZ/earnings">opening bell on Thursday, Oct. 3.</a>
Analysts expect the Victor, New York-based company to report quarterly earnings at $4.08 per share, up from $3.70 per share in the year-ago period. Constellation projects to report revenue of $2.9 billion for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 3, Constellation Brands revised its FY25 comparable EPS forecast to $13.60 – $13.80, compared to the previous forecast of $13.50 – $13.80. This is compared to the $13.70 estimate.
Constellation shares fell 0.8% to close at $255.67 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/STZ/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Barclays analyst Lauren Lieberman maintained an Overweight rating and raised the price target from $295 to $309 on Sept. 24. This analyst has an accuracy rate of 67%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc34043eaaa000122c5a2/nik-modi">RBC Capital analyst Nik Modi</a> reiterated an Outperform rating with a price target of $308 on Sept. 17. This analyst has an accuracy rate of 62%.</li>
<li>JP Morgan analyst Andrea Teixeira maintained an Overweight rating and cut the price target from $320 to $307 on Sept. 3. This analyst has an accuracy rate of 63%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5804bb14846faa000106aa5f/dara-mohsenian">Morgan Stanley analyst Dara Mohsenian</a> maintained an Overweight rating and cut the price target from $305 to $280 on Aug. 26. This analyst has an accuracy rate of 75%.</li>
<li>BMO Capital analyst Andrew Strelzik maintained an Outperform rating with a price target of $315 on July 5. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying STZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03032109/image-2-4-1024x502.png" alt="" class="wp-image-578007" style="width:655px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03032109/image-2-4-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03032109/image-2-4-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03032109/image-2-4-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03032109/image-2-4.png 1358w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Price Target

Analyst Ratings

Constellation Brands Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled slightly higher on Wednesday, amid increasing tensions in the Middle East.
NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41147332/nike-stock-is-tumbling-wednesday-whats-going-on">shares fell</a> around 7% on Wednesday after multiple firms cut their respective price targets on the stock following a first-quarter revenue miss.
On the economic data front, private businesses in the U.S. added 143,000 workers to their payrolls during the month of September compared to a revised 103,000 gain in August and higher than market estimates of 124,000, the ADP said.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, consumer staples, and communication services stocks recording the biggest losses on Wednesday. However, energy and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 40 points to 42,196.52 on Wednesday. The S&amp;P 500 rose 0.01% to 5,709.54, while the Nasdaq Composite gained 0.08% at 17,925.12 during Tuesday's session.
Investors are awaiting earnings results from Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), and AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 68.4, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 67.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

S&P Settles Slightly Higher Despite Middle East Concerns: Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) to report quarterly earnings at $4.08 per share on revenue of $2.90 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Constellation shares fell 0.3% to $254.90 in after-hours trading.</li>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41151280/levi-strauss-co-stock-falls-after-mixed-q3-results-eps-beat-revenues-miss">posted</a> better-than-expected earnings for its third quarter, while sales missed estimates. The company said it sees fiscal year 2024 adjusted earnings at a mid-point of between $1.17 and $1.27 per share, versus the $1.25 estimate. Levi Strauss shares dipped 10.9% to $18.76 in the after-hours trading session.</li>
<li>Analysts expect AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) to post a loss at 15 cents per share on revenue of $67.93 million for the latest quarter. The company will release earnings before the markets open. AngioDynamics shares gained 2.1% to $7.81 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>BigCommerce Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>) named Travis Hess as CEO. Brent Bellm will no longer serve as the company's CEO or as Chairman of the Board. BigCommerce shares gained 1.4% to $5.75 in the after-hours trading session.</li>
<li>Processa Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares surged in Wednesday's after-hours trading after the company announced the dosing of its first patient for the Phase 2 trial of NGC-Cap. Processa Pharmaceuticals shares gained 3% to $1.37 in the after-hours trading session.</li>
</ul>
Check This Out: 
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</ul>
Photo courtesy: Constellation Brands

BIGC

PCSA

Constellation Brands, Levi Strauss And 3 Stocks To Watch Heading Into Thursday

The International Longshoremen's Association (ILA)<a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert"> initiated a strike earlier this week amid ongoing negotiations</a> regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn. These are the sectors that could be the most impacted by the strike:
Food and Beverage: The dozen or so U.S. ports affected by the strike import nearly $100 million a month of beverages and vinegar, according to a <a href="https://www.washingtonpost.com/business/2024/10/02/port-strike-shortages-food-cars-alcohol/">report</a> from the Washington Post. According to the American Farm Bureau Federation via the Washington Post, 80% of all imported beer, whiskey, scotch and more come through the ports will be impacted by the strike.
Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), the maker of Modelo, is one of the companies that imports the most beer to the U.S., although Constellation may be able to avoid disruptions caused by the port through ground transportation from Mexico. Heineken NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTC">HEINY</a>) and other European beverage companies may feel more of the strike&#8217;s affects. Read Also: <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">Dockworkers Strike: Will It Impact Your Holiday Shopping? </a><a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping"> </a>Automotive And Car Parts: One of the most impacted sectors from the longshoremen strike is expected to be the automotive and car parts space. According to the Washington Post, the U.S. ports import more than half a billion dollars worth of cars and car parts every month. The auto industry already saw disruptions in its supply chain earlier this year when the Francis Scott Key bridge collapsed in Baltimore, hindering shipments through one of the country's largest ports. Companies that rely on importing car parts, such as AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and O'Reilly Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), could also see operations disrupted by the strike. Construction: Machinery and construction equipment account for more than $670 million in monthly imports through the dozen or so impacted ports, according to the Washington Post. Homebuilders such as DR Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and others could see operations delayed if the strike is prolonged. Overall, the strike could lead to price increases and supply constraints across multiple sectors if it persists beyond a couple of weeks. In addition to the strike, flooding and storm damage from Hurricane Helene could also disrupt supply chain operations in North Carolina and other southeastern states. Keep Reading: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies</a>
Photo: Engin Akyurt from Pixabay.<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a>

Global

HEINY

ORLY

Beer Shortage Ahead? 3 Products That Will Be Most Impacted By Port Strike

Barclays analyst Lauren Lieberman maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and raises the price target from $295 to $309.

Barclays Maintains Overweight on Constellation Brands, Raises Price Target to $309

RBC Capital analyst Nik Modi reiterates Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Outperform and maintains $308 price target.

Reiteration

RBC Capital Reiterates Outperform on Constellation Brands, Maintains $308 Price Target

UBS analyst Peter Grom maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy and lowers the price target from $320 to $295.

UBS Maintains Buy on Constellation Brands, Lowers Price Target to $295

Roth MKM analyst Bill Kirk maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy and lowers the price target from $303 to $298.

Roth MKM Maintains Buy on Constellation Brands, Lowers Price Target to $298

JP Morgan analyst Andrea Teixeira maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and lowers the price target from $320 to $307.

JP Morgan Maintains Overweight on Constellation Brands, Lowers Price Target to $307

Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading higher on Tuesday.</a>
Constellation Brands has revised its FY25 comparable EPS forecast to $13.60 &#8211; $13.80, compared to the previous forecast of $13.50 &#8211; $13.80. This is compared to <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the $13.70 estimate.</a>
Constellation Brands projects FY25 reported EPS in the range of $3.05 &#8211; $7.92, down from the previous forecast of $14.63 &#8211; $14.93 and well below the $14.62 estimate.
The company anticipates a hefty non-cash goodwill impairment loss of around $1.5 billion to $2.5 billion for its Wine and Spirits division in the second quarter of fiscal 2025, which is factored into the revised reported&nbsp;EPS outlook.
The company also revised its Enterprise net sales growth forecast to 4% &#8211; 6% (from 6% &#8211; 7% prior), citing incremental macroeconomic headwinds affecting consumers, particularly unemployment and prolonged inventory destocking in wine and spirits markets.
The company updated Beer net sales growth to 6% &#8211; 8%&nbsp;(from 7% &#8211; 9% prior) and Wine and Spirits net sales outlook to (6)% &#8211; (4)% (from (0.5)% &#8211; 0.5% prior).
&#8220;While ongoing macroeconomic headwinds, particularly rising unemployment, have led to a recent deceleration in the rate of growth of consumer demand for our products, we are on track to deliver a solid mid single-digit volume increase this fiscal year for our Beer Business,&#8221; said Constellation Brands President and Chief Executive Officer Bill&nbsp;Newlands.
&#8220;These trends have been most notable in the top five states for our Beer Business, which account for just over half of our volumes; however, we continue to see volume growth within the low to mid single-digit range in these states and within the high single-digit range on average across the rest of the country.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/23/05/32347463/steris-delivered-strong-q4-performance-but-analyst-call-fy24-outlook-mixed" rel="noreferrer noopener">Steris Delivered Strong Q4 Performance, But Analyst Call FY24 Outlook Mixed</a>
The CEO noted that improvements from earlier initiatives benefit major brands in the Wine and Spirits sector, although category challenges continue to impact the fiscal year outlook.
Despite these challenges, the company has outpaced the CPG sector growth by nearly 3 percentage points in dollar sales and its Beer Business has achieved notable gains, including being the top dollar share gainer in its category and the third largest in the Beverage industry.
RBC Capital analyst Nik Modi reaffirms Constellation Brands with an Outperform rating and maintains a $308 price target.
Price Action: STZ shares are sharing higher by 3.08% to $248.12 at last check Tuesday.
Photo: Engin Akyurt from Pixabay.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40669363/teslas-china-rivals-report-steady-august-sales-performance-amid-intense-price-competition-what-i" target="_blank" rel="noreferrer noopener">Tesla's China Rivals Report Steady August Sales Performance Amid Intense Price Competition: What Investors Should Know</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

What's Going On With Constellation Brands Stock Today?

Rumors

Events

Watching Molson Coors Beverage Company, Shares See A  4% Pop To The Upside; Competitor Constellation Brands Now Presenting At The Barclays Global Consumer Staples Conference

Constellation Brands Sees FY25 Comparable EPS Of $13.60 - $13.80 Vs $13.70 Estimate, Revised From $13.50 - $13.80 Prior

Updates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance to&nbsp; $13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)
Updates Enterprise net sales growth to 4% - 6%, reported operating income decline to (68)% - (36)% including an expected Wine and Spirits goodwill impairment loss of approximately $1.5 - $2.5 billion(2), and comparable operating income growth to 8% - 9%
Updates Beer net sales growth to 6% - 8% and raises Beer operating income growth to 11% - 12%, at higher-end of initial range, and updates Wine and Spirits net sales and operating income declines to (6)% - (4)% and (18)% - (16)%, respectively

CORRECTION: Constellation Brands Sees FY25 Reported EPS $3.05-$7.92 Vs $14.62 Estimate, Revised From $14.63 - $14.93 Prior

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