Constellation Brands Inc reports results for the quarter ended May 31 - Earnings Summary

• Constellation Brands Inc STZ reported quarterly adjusted earnings of $3.22​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $3.57. The mean expectation of nineteen analysts for the quarter was for earnings of $3.31 per share. Wall Street expected results to range from $3.00 to $3.45 per share.

• Revenue fell 5.5% to $2.52 billion from a year ago; analysts expected $2.55 billion.

• Constellation Brands Inc's reported EPS for the quarter was $2.90​.

• The company reported quarterly net income of $516.1 million.

• Constellation Brands Inc shares had held steady so far this quarter and lost 26.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.5% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the brewers peer group is "hold."

• Wall Street's median 12-month price target for Constellation Brands Inc is $202.00, about 17.6% above its last closing price of $166.42

This summary was machine generated from LSEG data July 1 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)