Group 1 - Constellation Brands, Inc. reported a profit beat for the fiscal second quarter but missed revenue expectations, leading to a 2.2% decline in stock price to $250.11 [1] - The stock is currently testing a floor at the 40-day moving average after a rally peaked at $261, marking a potential fourth consecutive daily loss [2] - Despite recent losses, Constellation Brands stock has a year-to-date gain of 2.8% [2] Group 2 - Short-term options traders are showing a bearish sentiment, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.43, which is the highest in the past year [2] - Today's options activity has seen 2,256 calls and 2,398 puts, significantly above the intraday average volume, with the most active contract being the weekly 10/4 260-strike call [3]

Core Insights - Constellation Brands reported $2.92 billion in revenue for the quarter ended August 2024, a year-over-year increase of 2.9%, with an EPS of $4.32 compared to $3.70 a year ago [1] - The revenue was slightly below the Zacks Consensus Estimate of $2.95 billion, resulting in a surprise of -1.08%, while the EPS exceeded the consensus estimate of $4.11 by +5.11% [1] Financial Performance Metrics - Net Sales for Wine and Spirits were $388.70 million, which is -12.5% year-over-year and below the average estimate of $417.31 million [3] - Net Sales for Beer reached $2.53 billion, reflecting a +5.8% year-over-year change, slightly below the average estimate of $2.54 billion [3] - Operating Income for Beer was reported at $1.08 billion, surpassing the average estimate of $1.04 billion [3] - Operating Income for Wine and Spirits was $70.50 million, exceeding the average estimate of $65.05 million [3] - Corporate Operations and Other reported an Operating Income of -$58.40 million, better than the average estimate of -$67.25 million [3] Stock Performance - Shares of Constellation Brands have returned +3.7% over the past month, outperforming the Zacks S&P 500 composite's +1.3% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Core Insights - Constellation Brands reported quarterly earnings of $4.32 per share, exceeding the Zacks Consensus Estimate of $4.11 per share, and up from $3.70 per share a year ago, representing an earnings surprise of 5.11% [1] - The company posted revenues of $2.92 billion for the quarter ended August 2024, which was below the Zacks Consensus Estimate by 1.08%, but an increase from $2.84 billion year-over-year [2] - The stock has gained approximately 5.8% since the beginning of the year, underperforming the S&P 500's gain of 19.7% [3] Earnings Outlook - The future performance of Constellation Brands' stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $3.47 on revenues of $2.59 billion, and for the current fiscal year, it is $13.53 on revenues of $10.44 billion [7] Industry Context - The Beverages - Alcohol industry, to which Constellation Brands belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Constellation Brands may also be influenced by the overall industry outlook, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

On October 3, 2024, Constellation Brands Inc (STZ, Financial) released its 8-K filing for the second quarter of fiscal year 2025. The company, a leading provider of alcoholic beverages in the U.S., reported a mixed financial performance, with earnings per share (EPS) falling short of analyst estimates but revenue surpassing expectations. Company Overview Constellation Brands Inc (STZ, Financial) is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the U.S., generat ...

ROCHESTER, N.Y., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2025 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 3, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, list ...

Constellation Brands, Inc. STZ will release earnings results for its second quarter, before the opening bell on Thursday, Oct. 3. Analysts expect the Victor, New York-based company to report quarterly earnings at $4.08 per share, up from $3.70 per share in the year-ago period. Constellation projects to report revenue of $2.9 billion for the quarter, according to data from Benzinga Pro. On Sept. 3, Constellation Brands revised its FY25 comparable EPS forecast to $13.60 – $13.80, compared to the previous fore ...

Wall Street analysts expect Constellation Brands (STZ) to post quarterly earnings of $4.11 per share in its upcoming report, which indicates a year-over-year increase of 11.1%. Revenues are expected to be $2.95 billion, up 4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a compan ...

Constellation Brands, Inc. (STZ) is scheduled to release second-quarter fiscal 2025 results on Oct. 3, 2024. The alcoholic beverage bigwig is expected to have recorded top-and-bottom-line growth in the to-be-reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for the company's fiscal second-quarter earnings is pegged at $4.11 per share, indicating 11.1% growth from the year-ago quarter's reported figure. The consensus mark has moved down b ...

Constellation Brands Inc. (STZ) has lowered its financial outlook for fiscal 2025, citing continued soft trends in its Wine and Spirits business. The company noted that weakness persisted in the U.S. wholesale wine and spirits market, leading to declines in the overall wine market and its mainstream and premium wine brands. The company attributed the weakness in consumer demand to ongoing macroeconomic headwinds, particularly rising unemployment. As a result of this weakness, STZ expects to record non-cash ...

Group 1 - Constellation Brands raised the lower end of its fiscal 2025 adjusted earnings per share (EPS) outlook to between $13.60 and $13.80, up from the previous range of $13.50 to $13.80 [2][3] - The company expects to recognize a non-cash goodwill impairment loss of $1.5 billion to $2.5 billion in its wine and spirits division for the fiscal second quarter ending August 31 [3][4] - The impairment is attributed to rising unemployment and a slowdown in consumer demand affecting the U.S. wholesale wine and spirits market, leading to declines in both the overall wine market and mainstream and premium wine brands [4] Group 2 - Constellation's non-adjusted EPS outlook was cut to between $3.05 and $7.92 from the previous forecast of $14.63 to $14.93 due to the impairment [4] - The stock of Constellation Brands increased by approximately 2.5% following the earnings outlook update, despite broader market declines [2][5]