Constellation Brands' (NYSE:STZ) data reflects that it could be a great quarter for the spirits and beverages company - and so investors may want to pour another round after they get a chance to check out earnings when the New York-based beverage company announces its results October 3. Analysts tracked by Zacks Investment Research are projecting earnings of $2.63 per share for Constellation.
Constellation saw job postings shoot toward the sky in Q3, as the company aimed to boost new workers to the tune of 28%, according to our data. Over all 2019, shares have also appreciated, to the tune of 28% - a delightful pairing, if you will.
Not everyone is ready to pop a bottle before the print. Credit Suisse (SIX:CSGN) analysts wrote last week that "hard seltzer is an emerging concern" and projected an earnings miss, of $2.55 EPS, for Constellation in a note dated September 26. But they may not have had any insights into the company's job posting growth over the course of the quarter.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.