Constellation Brands Third Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Constellation Brands, Inc. (NYSE:STZ) will unveil its latest earnings on Wednesday, January 9, 2013. Constellation Brands is a wine company with operations in the United States, Canada, the United Kingdom, Australia and New Zealand.
Constellation Brands, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 55 cents per share, a rise of 5.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 59 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 55 cents during the last month. For the year, analysts are projecting profit of $2.08 per share, a decline of 11.1% from last year.
Past Earnings Performance: Last quarter, the company reported net income of 71 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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A Look Back: In the second quarter, profit fell 23.4% to $124.6 million (67 cents a share) from $162.7 million (76 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 1.2% to $698.5 million from $690.2 million.