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Constellation Brands Likely To Report Higher Q2 Earnings; Here’s A Look At Recent Price Target Changes By The Most Accurate Analysts

Constellation Brands, Inc. (NYSE: STZ) is expected to release financial results for its second quarter ended Aug. 31, 2023, before the opening bell on Oct. 5, 2023.
byLisa Levin
October 5, 2023
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Constellation Brands, Inc. (NYSE:STZ) is expected to release financial results for its second quarter ended Aug. 31, 2023, before the opening bell on Oct. 5, 2023.

Analysts expect the company to post quarterly earnings at $3.36 per share, up from year-ago earnings of $3.17 per share. The company’s revenue might come in at $2.82 billion, compared to $2.51 billion in the year-ago period.

Constellation shares gained 0.4% to close at $249.36 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Wells Fargo analyst Chris Carey maintained an Overweight rating and raised the price target from $280 to $285 on Oct. 3, 2023. This analyst has an accuracy rate of 64%.
  • Goldman Sachs analyst Bonnie Herzog maintained a Buy rating and boosted the price target from $275 to $305 on Sept. 25, 2023. This analyst has an accuracy rate of 73%.
  • TD Cowen analyst Vivien Azer upgraded the stock from Market Perform to Outperform and raised the price target from $240 to $300 on Sept. 6, 2023. This analyst has an accuracy rate of 66%.
  • Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and increased the price target from $290 to $305 on July 24, 2023. This analyst has an accuracy rate of 75%.
  • Deutsche Bank analyst Steve Powers maintained a Hold rating and increased the price target from $234 to $241 on July 19, 2023. This analyst has an accuracy rate of 74%.

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Lifeist Reports Highest Quarterly Gross Profit In History, Continues To Diversify Its Wellness Business

By Jelena Martinovic
April 2, 10:13 AM
Lifeist Wellness Inc. reported on Monday its financial results for the three and 12 months ended Nov. 30, 2023. The Toronto-based company said it achieved the highest quarterly gross profit in the company's history in the fourth quarter totaling CA$2 million ($1.5 million), representing a gross margin of 42%, compared to CA$1.9 million, or 31% gross margin, in the corresponding quarter of 2022."Our performance in the fourth quarter of 2023 reflects our strategic focus on high-margin activities and operational efficiency, resulting in the highest quarterly gross profit in our company's history," Meni Morim, CEO of Lifeist, said. "Though accompanied by unique hurdles, our focus towards enhancing gross profit has produced promising results." The company recently announced that it has entered into a definitive share purchase agreement with 1463663 B.C. Ltd., a newly incorporated affiliate of Tierra Corp., and the company's Canadian cannabis subsidiaries, collectively referred to as the CannMart Group, to divest and sell all of the shares of the CannMart Group to the buyer for CA$5 million.

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