Jim Cramer Is Keeping an Eye on Constellation Brands

Buy half a position in Constellation Brands before its earnings report on Thursday and half after, says Jim Cramer.
Author:
Publish date:

Buy half a position in Constellation Brands (STZ) - Get Report before its earnings report on Thursday and half after, says TheStreet's Jim Cramer.  Constellation Brands stock traded higher on Wednesday ahead of the distiller's fiscal 2017 first quarter financial report, due out before the opening bell on Thursday. The maker of Corona Extra beer, Robert Mondavi wine and SVEDKA Vodka is expected to deliver a year-over-year increase in earnings per share and revenue. Analysts have estimated earnings of $1.52 a share on revenue of $1.83 billion for the quarter ended May 31. Last year, Constellation Brands posted earnings of $1.26 a share on revenue of $1.63 billion for the fiscal 2016 first quarter.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.