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Constellation Brands Inc. (STZ) Fell Sharply After Q4 Report

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Constellation Brands Inc. (STZ: Quote) reported fourth quarter non-GAAP EPS of $0.69, up from $0.35 in the previous year. The consensus estimate was for EPS of $0.39. Full year 2013 EPS is expected to be between $1.93 and $2.03 on a comparable basis and between $1.89 and $1.99 on a reported basis. The consensus estimate is for EPS of $2.23.

Constellation Brands gapped open sharply lower Thursday and fell during the first 45 minutes of trade. The stock was range-bound for the remainder of the day and closed down by 3.08 at $21.61 on the highest volume of the year. Constellation Brands dropped to over a one-month low and fell below its 50-day moving average.

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by RTT Staff Writer

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