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Why Constellation Brands (STZ) is a Top Stock for the Long-Term

If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

Why You Should Pay Attention to Constellation Brands (STZ)

Founded in 1945 and headquartered in Victor, NY, Constellation Brands Inc. produces and markets beer, wine and spirits. It is the third-largest beer company and a leading, high-end wine company in the United States. It has a strong portfolio of high-quality brands, including Corona, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi and SVEDKA Vodka. The company conducts its operations in the United States, Mexico, Italy and New Zealand.

Since being added to the Zacks Focus List on April 18, 2017 at $170.12 per share, shares of STZ have increased 50.89% to $256.69.

For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.44 to $11.09. STZ boasts an average earnings surprise of 10.5%.

Additionally, Constellation Brands' earnings are expected to grow 8.7% for the current fiscal year.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like STZ, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.

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