Countdown to Constellation Brands (STZ) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Constellation Brands is expected to report a significant decline in quarterly earnings and revenues, with earnings per share projected at $2.66, down 18.2% year-over-year, and revenues forecasted at $2.18 billion, reflecting an 11.6% decrease [1]. Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating that analysts have maintained their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Projections - Analysts estimate 'Net Sales- Wine and Spirits' to be $170.25 million, representing a decline of 60.5% from the previous year [5]. - The consensus for 'Net Sales- Beer' is projected at $2.01 billion, indicating a slight decrease of 1% year-over-year [5]. - 'Operating Income- Wine and Spirits' is expected to be $10.85 million, a significant drop from $95.20 million in the same quarter last year [6]. - 'Operating Income- Beer' is projected to reach $729.44 million, down from $769.90 million year-over-year [6]. Stock Performance - Constellation Brands shares have increased by 1.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 0.8% [6]. - The company holds a Zacks Rank of 4 (Sell), suggesting it is expected to underperform the overall market in the near term [6].