NEW YORK ( TheStreet) - While the trading week that includes Independence Day promises to be a slow one, one company reporting earnings caught my attention.Constellation Brands (STZ - Get Report) is anticipated to report first-quarter earnings before the market opens on Tuesday, July 2.
When I started college, um, I mean after I turned 21, I couldn't help but notice posters and neon signs featuring the St. Pauli Girl, and the marketing worked. I haven't drunk a St. Pauli Girl beer in decades, but at least I tried the beer and I still remember the posters. What's more impressive than the St. Pauli Girl to a college freshman? A stock more than doubling over the last year, signaling the best is yet to come. After Constellation reached a new 52-week high about a month ago near $55, it retraced and found support at $50. STZ Gross Profit Quarterly data by YCharts
The stock's price appreciation is running into headwinds from revenue concerns, as well as potential investors noticing that stocks don't normally travel straight up for long without taking a break. They'll want to focus on revenue and company statements at Tuesday's post-announcement conference call to evaluate Constellation's revenue-increasing ability.