What to Watch Wednesday: Constellation Brands May Quench Your Thirst

For Wednesday October 7, TheStreet is concentrating on a number of companies slated to release their latest financial data. We kick of the morning with Acuity Brands (AYI), Constellation Brands (STZ) and Monsanto (MON) all reporting before the opening bell. For Constellation Brands' second quarter fiscal 2016 results, analysts are calling for earnings of $1.32 a share on revenue of $1.73 billion. The drinks company owns over a hundred brands in beer, wine and spirits. Strong demand for beer is expected to drive sales along with new product offerings. Overall, the company's top and bottom line are forecasted to grow year-over-year. There are several reports to watch on the economic calendar. The MBA mortgage applications report is due out at 7 a.m. Eastern, which is a leading indicator for single-family home sales and housing construction. Then, the Gallup U.S. job creation index comes out at 8:30. Next, we get the weekly oil inventory data from the Energy Information Administration. Last, we end the day with consumer credit coming out at 3 p.m. TheStreet's U-Jin Lee reports in New York.