Markets are hitting all-time highs, but caution is advised as a downturn may be imminent. Look for stocks with strong earnings trends. Constellation Brands (STZ) is a Zacks Rank #5 (Strong Sell) due to lowered earnings estimates. Valuation is at 12x earnings, cheaper than industry average. Recovery is possible if earnings stabilize.
Nine analysts have cut earnings estimates for Constellation Brands, dropping Zacks Consensus Estimates. The company trades at 12x earnings, below industry average. Recovery is possible if earnings stabilize. Zacks Rank #2 (Buy) Kirin (KNBWY) is a top pick in the Beverages – Alcohol industry, while Molson Coors (TAP) is a Zacks Rank #3 (Hold) stock.
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For more information on these stocks and industry insights, visit Zacks Investment Research’s website. Always conduct thorough research and consider expert advice before making investment decisions.
Read more at Nasdaq: Bear of the Day: Constellation Brands (STZ)
