Constellation Brands, Inc. (NYSE:STZ) is going to report its Q2 earning on Oct 6. Analysts at Deutsche Bank provided their outlook, expecting relatively balance

Looking Forward to Constellation Brands Q2 Results

Sep 27, 2021 8:09 PM - Davit Kirakosyan

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Constellation Brands, Inc. (NYSE:STZ) is going to report its Q2 earning on Oct 6. Analysts at Deutsche Bank provided their outlook, expecting relatively balanced stance, though leaning constructive given that the stock has failed to show follow-through since a recent reaffirmation of full-year guidance.

On the one hand, the brokerage mentioned that recovery in on-premise channels and depleted inventory levels throughout the trade in Mexican beer should allow for solid top-line growth in beer, with lagging year-to-date shipments expected to catch up with channel demand over the balance of the year (assuming the company is able to successfully supply its products). Moreover, protecting full-year profitability, certain depreciation costs have again been deferred and other expected cost headwinds have reportedly not manifested as anticipated by management exiting Q1.

The analysts lowered their price target on the company’s shares to $234 from $242.

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