Constellation Brands Inc. (STZ) is releasing their FQ1’19 earnings tomorrow, Jun 29th, before the market opens. Estimize consensus predicts an EPS of $2.50, a 7% YoY growth, while Wall Street expects an EPS of $2.42. Estimize has beaten Wall Street in STZ EPS estimates 87% of the time. Estimize anticipates revenue of $2.063B, $23 million higher than Wall Street and a 7% increase YoY.
Constellation Brands produces beer, wine, and spirits including Corona, Modello, and Svedka. Their beer brands have been doing very well despite an overall stagnant beer industry. The company has made many good acquisitions and looks to continue that streak with their purchase of 10% of Canopy Growth, which they hope will put them in a good position for weed legalization in Canada. Additionally, the brand stands to gain money from Trump’s proposed tariffs as they would greatly weaken the Peso and reduce the cost of goods for STZ’s products produced south of the border.
