Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Constellation Brands (NYSE:STZ) reported its Q2 earnings results on Thursday, October 6, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Earnings
Constellation Brands beat estimated earnings by 12.81%, reporting an EPS of $3.17 versus an estimate of $2.81.
Revenue was up $284.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 1.02% increase in the share price the next day.
Here's a look at Constellation Brands's past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.53 | 2.09 | 2.76 | 2.77 |
| EPS Actual | 2.66 | 2.37 | 3.12 | 2.38 |
| Revenue Estimate | 2.16B | 2.02B | 2.28B | 2.30B |
| Revenue Actual | 2.36B | 2.10B | 2.32B | 2.37B |
To track all earnings releases for Constellation Brands visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.