Constellation Brands (NYSE:STZ) reported its Q3 earnings results on Thursday, January 6, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Constellation Brands beat estimated earnings by 13.04%, reporting an EPS of $3.12 versus an estimate of $2.76, which surprised analysts.
Revenue was up $117.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.39, which was followed by a 2.31% increase in the share price the next day.
Here's a look at Constellation Brands's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.77 | 2.32 | 1.55 | 2.39 |
| EPS Actual | 2.38 | 2.33 | 1.82 | 3.09 |
| Revenue Estimate | 2.30B | 2.02B | 1.87B | 2.23B |
| Revenue Actual | 2.37B | 2.03B | 1.95B | 2.44B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
