Curious about Constellation Brands (STZ) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Core Insights - Constellation Brands is expected to report quarterly earnings of $3.37 per share, a decline of 22% year-over-year, with revenues forecasted at $2.46 billion, reflecting a 15.8% decrease compared to the previous year [1] - Analysts have revised their consensus EPS estimate down by 6.5% over the past 30 days, indicating a collective reassessment of the company's financial outlook [2] - The relationship between earnings estimate trends and short-term stock price movements is well-documented, highlighting the importance of these revisions for investor sentiment [3] Financial Metrics - Analysts project 'Net Sales- Wine and Spirits' to be $138.99 million, indicating a significant year-over-year decline of 64.2% [4] - 'Net Sales- Beer' is estimated at $2.33 billion, suggesting an 8% decrease year-over-year [5] - 'Operating Income- Wine and Spirits' is forecasted to be -$9.36 million, a stark contrast to the $70.50 million reported in the same quarter last year [5] - 'Operating Income- Beer' is expected to reach $911.22 million, down from $1.08 billion in the previous year [5] Market Performance - Over the past month, Constellation Brands' shares have declined by 11%, while the Zacks S&P 500 composite has increased by 3.5% [6] - The company currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the overall market in the near future [6]