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Global Spirits Company Set to Post Q1 Results Wednesday Morning

July 6, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Constellation Brands (STZ) as the spirits company prepares to post first quarter results before the open Wednesday. Cramer says this company has come on strong, pointing out that Modelo and Corona are the fastest growing brands in the United States. He expects this to be another great quarter for Constellation Brands. Cramer advises investors to buy half ahead of earnings and another half after they report. Analysts surveyed by Thomson Reuters are expecting the company to post net income of $1.23 per share, that’s compared with $1.09 reported a year ago. Revenue forecast is for $1.62 billion, up from $1.53 a year ago. Shares of Constellation Brands are up nearly 19 percent year-to-date.

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