Jim Cramer Is Keeping an Eye on Constellation Brands Earnings on Thursday

TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is watching quarterly results from beverage company Constellation Brands (STZ), which are scheduled to be released Thursday before the opening bell. ‘The stock has a history of selling off after it reports, no matter how good the numbers are,’ Cramer said. ‘I say buy it after.’ Analysts expect earnings of $1.29 a share for its fiscal 2016 third quarter. During the same quarter last year, the Victor, New York-based company posted earnings of $1.23 a share. The stock is up almost 34 percent over the past year. Constellation Brands is the maker of well-known beverage products such as Corona Extra, Modelo and Svedka, among others.