Constellation Brands Sees 'Solid Start' To 2026: Analyst Predicts Strong Year For Beer Giant

Core Viewpoint - Constellation Brands reported better-than-expected third-quarter results, leading to a positive outlook for the company in 2026, as indicated by analyst Gerald Pascarelli [1][2]. Financial Performance - The third-quarter results showed revenue, operating income, and earnings per share all exceeding analyst estimates, contributing to a strong performance [2]. - Beer and wine operating income outperformed expectations, with beer depletions in the quarter being better than scanner results prior to the report [3]. Market Position and Future Outlook - Constellation Brands has gained relative market share despite a weak category backdrop, with brand health metrics remaining best in class [4]. - The company reiterated its full-year guidance, and the analyst views the quarter as a solid start to the calendar year, suggesting that fading headwinds and easier comparisons could drive shares higher in the future [3][4]. Stock Performance - Constellation Brands shares increased by 3.8% to $146.02, with a 52-week trading range of $126.45 to $207.90, although the stock has fallen 33.4% over the past year [4].