Market Overview

Wednesday's Non-Cyclical Consumer Earnings: Monsanto And Constellation Brands

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  • Monsanto Company (NYSE: MON) is scheduled to report its fourth quarter financial results on Wednesday before the market opens.
  • Constellation Brands, Inc. (NYSE: STZ) will also announce its second quarter (fiscal 2016) results before the bell.
  • Shares of Monsanto were slightly up on Tuesday, while Constellation was marginally down.

Monsanto

Monsanto’s earnings are quite cyclical, peaking on the fiscal second quarter of every year, and bottoming in the fourth quarter.

For the fourth quarter of 2015, the Street is expecting to see $0.00 in earnings per share, on revenue of $2.889 billion, while the crowd anticipates consensus earnings of $0.05 per share on revenue of $2.89 billion.

These estimates certainly imply an improvement from the fourth quarter of 2014, when the agricultural products provider reported a net loss of ($0.27) per share on revenue of $2.63 billion.

One thing noted from the chart above is that Monsanto has tended to report earnings pretty much in line with estimates over the past couple of years.

Constellation Brands

Constellation is expected to deliver even stronger results. According to Estimize, consensus points towards a year-over-year increase in earnings of approximately 18 percent.

For the current quarter, the Street is modeling consensus earnings of $1.31 per share on revenue of $1.727 billion, while the crowd is projecting earnings of $1.33 per share, and sales in line with the Street’s estimate. These figures compare to those from a year ago, when earnings came in at $1.11 per share and revenue, at $1.608 billion, and to last quarter’s earnings of $1.26 per share on revenue of $1.631 billion.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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