Constellation Brands (NYSE:STZ) Third Quarter 2023 Results
Key financial results
Revenue: $2.44 billion (up 5.0% from Q3 2022).
Net income: USD 467.7 million (flat in Q3 2022).
Margin: 19% (down from 20% in Q3 2022). The decrease in margin was due to an increase in expenses.
EPS: USD 2.46 (down from USD 2.50 in Q3 2022).
All numbers shown in the chart above are for the last 12 months (TTM) period.
Constellation Brands Earnings Exceeds Expectations, EPS Shortages
Earnings exceeded analyst estimates by 2.3%. Earnings per share (EPS) underperformed analyst estimates by 14%.
Revenues are projected to grow at an average annual rate of 5.8% over the next three years, compared to a 4.9% growth forecast for the US beverage industry.
performance of American beverage industry.
The company’s stock is down 7.6% from a week ago.
It is worth noting that we discovered 1 Constellation brand warning sign what you need to consider.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price sensitive company announcements or qualitative materials. Is not …
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