Constellation Brands (STZ) is set to report its first quarter fiscal 2027 results on Tuesday, June 30, after the close of U.S. markets. A conference call with CEO Nicholas Fink and CFO Garth Hankinson follows the next morning at 8:00 a.m. ET.
Constellation Brands, Inc., STZ
STZ stock is currently trading at $145.70, up 7.3% over the past month. The average analyst price target is $176.09, leaving a gap of roughly 21% between where the stock sits now and where analysts think it could go.
Wall Street is expecting revenue to drop 4.7% year over year this quarter. That’s a slightly softer decline than the 5.5% fall the company posted in the same period last year.
Last quarter, Constellation reported revenues of $1.92 billion — down 11.3% year on year. The company beat organic revenue estimates but fell short on full-year EPS guidance, making it a mixed result overall.
Over the past two years, Constellation has missed Wall Street’s revenue estimates multiple times. Analysts have largely reconfirmed their estimates over the last 30 days, suggesting they don’t expect a major surprise in either direction.
The broader consumer staples segment has been in good shape heading into this earnings cycle. Stock prices in the sector are up 5.6% on average over the past month.
So far, only McCormick has reported from the peer group. It beat revenue estimates and posted year-on-year sales growth of 16.7%. Its stock jumped 7.3% on the news.
Constellation’s beer portfolio — anchored by Corona Extra and Modelo Especial — has been the core of its business. The wine and spirits side, which includes The Prisoner Wine Company, Robert Mondavi, and High West Whiskey, has been under more pressure.
The key number to watch Tuesday will be whether revenue comes in ahead of, or below, the 4.7% decline analysts are modeling.
EPS guidance will also be closely watched. Last quarter’s guidance miss on that front rattled some investors, and the market will want to see whether management raises, lowers, or holds its outlook.
The call the next morning gives CEO Nicholas Fink a chance to speak directly to the business trajectory and any updates on strategic initiatives.
Constellation reports after the bell on Tuesday, June 30, with the investor call starting at 8:00 a.m. ET on Wednesday, July 1.
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