Constellation Brands Stock Draws Pre-Earnings Bear Notes

Core Viewpoint - Constellation Brands Inc is facing negative analyst sentiment ahead of its upcoming earnings report, with price targets being lowered by major financial institutions [1][5] Group 1: Earnings Report and Analyst Sentiment - The fourth-quarter earnings report for Constellation Brands is scheduled for January 9, 2025, before market open [1] - J.P. Morgan Securities and Wells Fargo have reduced their price targets for the company to $262 and$275, down from $293 and$295, respectively [1] Group 2: Stock Performance - Constellation Brands' stock is currently trading at $220.42, reflecting a year-over-year decline of 11.5$217.52 on January 3 and has struggled to surpass its 20-day moving average since mid-December [2] Group 3: Post-Earnings Track Record - Historically, the stock has shown a weak post-earnings performance, with five out of the last eight sessions closing lower after earnings announcements [3] - The average stock movement post-earnings over the past two years has been 3.3%, while options traders are anticipating a larger swing of 4.3% this time [3] Group 4: Options Market Sentiment - Options traders exhibit a strong bullish sentiment, with a call/put volume ratio of 4.59, ranking higher than 94% of readings from the past year [4] - Among the firms analyzed, 16 out of 21 have a "buy" or better rating, and the consensus target price is $287.18, indicating a 30.4% premium to current levels [5]