- Constellation Brands surpassed analyst expectations for earnings per share, reporting $3.74 against an estimate of $3.55.
- The company’s revenue reached $2.63 billion, outperforming the $2.54 billion estimate, driven by robust sales growth.
- Strong performance in both beer (5% increase) and wine and spirits (17% increase) segments contributed to the positive financial results, with a trailing price-to-earnings ratio of 10.39.
Constellation Brands (NYSE: STZ), the company behind Corona and Modelo beer, reports earnings per share of $3.74, above the $3.55 estimate. Earnings per share measure profit divided by the number of shares. The result is $0.19 more per share than analysts expected.
Revenue reaches $2.63 billion, topping the $2.54 billion estimate by $90 million. Revenue is the money a company brings in from sales before expenses are deducted.
Sales rise in both of Constellation Brands’ main businesses. Beer sales increase 5%, while wine and spirits sales climb 17%, as highlighted by The Wall Street Journal. Those gains help explain why revenue and profit come in above expectations.
Constellation Brands’ trailing price-to-earnings ratio is 10.39. This means its share price is 10.39 times its earnings over the past 12 months. The ratio gives investors a way to compare the share price with the profit the company earns.
