FMP
Sep 3, 2024 7:39 PM - Davit Kirakosyan(Last modified: Sep 4, 2024 1:35 AM)
Image credit: FMP
Constellation Brands (NYSE:STZ) shares rose more than 3% intra-day today after the company updated its fiscal 2025 earnings outlook, slightly adjusting its expectations for comparable earnings per share (EPS).
The company now projects full-year EPS to fall between $13.60 and $13.80, slightly narrowing the range from its previous estimate of $13.50 to $13.80. This updated guidance aligns closely with analysts' expectations of $13.68.
In a slight downgrade, Constellation Brands revised its net sales growth forecast to 4% to 6%, down from the earlier anticipated range of 6% to 7%.
Despite these adjustments, the company maintained its operating cash flow guidance, continuing to expect between $2.8 billion and $3.0 billion, which is consistent with the consensus estimate of $2.98 billion.
Additionally, Constellation Brands revealed plans to recognize a non-cash goodwill impairment loss for its Wine and Spirits segment, estimated to be between $1.5 billion and $2.5 billion. This impairment will be reflected in the company's second-quarter 2025 results and is factored into its updated EPS outlook for the year.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...