Earnings Preview: Constellation Brands (STZ) Q3 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Constellation Brands due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Constellation Brands is expected to report quarterly earnings of $2.66 per share, reflecting an 18.2% decrease year-over-year, and revenues are projected to be $2.18 billion, down 11.6% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Constellation Brands is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +3.58%, suggesting a recent bullish sentiment among analysts [12]. Historical Performance - In the last reported quarter, Constellation Brands exceeded the expected earnings of $3.37 per share by delivering $3.63, achieving a surprise of +7.72% [13]. Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Overall Assessment - Despite a positive Earnings ESP, the stock carries a Zacks Rank of 4, making it challenging to predict an earnings beat conclusively [12]. An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15].