NEW YORK (TheStreet) -- Shares of Constellation Brands (STZ) were up 0.71% to $116.42 in afternoon trading Tuesday, one day ahead of the alcoholic beverage company's first quarter earnings report, due out before the opening bell tomorrow.
The company is expected to earn $1.23 per share on revenue of $1.62 billion for the quarter ended in May.
In the same quarter of last year, Constellation Brands earned $1.07 per share on sales of $1.53 billion.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says he's watching numbers from the seller of Corona and Modelo, its two fastest growing brands in the U.S.
Victor, N.Y.-based Constellation Brands is an international beverage alcohol company operating segments including beer, wine and spirits.
The company's customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies.
Domestically, Constellation Brands operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy.
Separately, TheStreet Ratings team rates CONSTELLATION BRANDS as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONSTELLATION BRANDS (STZ) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."