STZ 4Q Misses; Stock Slips – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/18956/STZ+4Q+Misses%3B+Stock+Slips+-+Zacks+Tale+of+the+TapePosted on Wednesday, April 8th, 2009 | In Stocks to Watch
Constellation Brands Inc. (STZ) reported fiscal fourth-quarter earnings of 21 cents per share, which missed the lowered consensus estimate by 2 cents.
The stock has slipped more than 3% today amid lower-than-normal volume of approximately 2.7 million, compared to average volume of about 3.3 million.
Net sales decreased 17% year-over-year due to strengthening of the US dollar coupled with divestitures of the Almaden, Inglenook and certain Pacific Northwest wine brands.
The manufacturer of wine and spirits expects fiscal 2010 earnings between $1.60 and $1.70 per share, which is in-line with the reduced consensus estimate of $1.62. A month ago, analysts were expecting $1.78 for the fiscal year.
STZ is a Zacks #4 Rank (”Sell”) stock.
“STZ” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
cent;, Constellation Brands Inc;, Stocks to Watch, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.