Benzinga | Jan 6, 2022 07:56AM EST

Constellation Brands: Q3 Earnings Insights



Constellation Brands (NYSE:STZ) reported its Q3 earnings results on Thursday, January 6, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Constellation Brands beat estimated earnings by 13.04%, reporting an EPS of $3.12 versus an estimate of $2.76, which surprised analysts.

Revenue was up $117.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.39, which was followed by a 2.31% increase in the share price the next day.

Here's a look at Constellation Brands's past performance:



Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 2.77 2.32 1.55 2.39EPS Actual 2.38 2.33 1.82 3.09Revenue Estimate 2.30B 2.02B 1.87B 2.23BRevenue Actual 2.37B 2.03B 1.95B 2.44B

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.