Constellation Brands Stock Seeing Stars on Earnings Beat

The company raised its fiscal 2020 guidance, too

Digital Content Manager
Jun 28, 2019 at 10:07 AM
facebook X logo linkedin

The shares of Constellation Brands Inc (NYSE:STZ) are headed for their fourth day in the black, after the adult beverage concern announced fiscal first-quarter earnings and revenue that beat analysts' expectations. The company said sales of its Modelo and Corona Premier brands were major drivers, and lifted its fiscal 2020 profit forecast as well. The stock is up 5.5% at $198.55, trading in a region it hasn't touched in weeks. 

What's more, the equity is set to topple both its 20-day and 30-day moving averages for the first time since early April. STZ gapped lower in late May, after President Donald Trump threatened Mexico with tariffs, touching a two-month low of $171.36. Since then, the security has rallied nearly 16%.

While analysts have been quiet about the stock so far this morning, a round of upgrades could put even more wind at STZ's back. Right now, seven analysts consider the security a "buy," while eight call it a "hold." The consensus 12-month price target of $221.18 represents a slim premium to current levels, suggesting price-target hikes could ensue. 

Options bears were circling the stock ahead of earnings, with STZ sporting a 10-day put/call volume ratio of 0.83 on the the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). While this ratio indicates calls bought to open exceeded puts on an absolute basis, the ratio sits in the 85th percentile of its annual range, pointing to a healthier-than-usual appetite for bearish bets of late.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI