Constellation Brands (STZ) Q4 Earnings: What To Expect

Beer, wine, and spirits company Constellation Brands (NYSE:STZ) will be announcing earnings results this Wednesday afternoon. Here’s what you need to know.

Constellation Brands met analysts’ revenue expectations last quarter, reporting revenues of $2.48 billion, down 15% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ organic revenue estimates.

Is Constellation Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Constellation Brands’s revenue to decline 12.2% year on year to $2.16 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $2.64 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Constellation Brands has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Constellation Brands’s peers in the consumer staples segment, some have already reported their Q4 results, giving us a hint as to what we can expect. General Mills’s revenues decreased 7.2% year on year, beating analysts’ expectations by 1.9%, and Conagra reported a revenue decline of 6.8%, in line with consensus estimates. General Mills traded up 3.6% following the results while Conagra was down 3%.

Read our full analysis of General Mills’s results here and Conagra’s results here.

Investors in the consumer staples segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. Constellation Brands’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $170.70 (compared to the current share price of $142.60).

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