Constellation Brands shares have fallen 3.8% since its last earnings report about a month ago, underperforming the S&P 500. The company reported first-quarter fiscal 2027 results that beat the Zacks Consensus Estimate on both top and bottom lines, with comparable earnings per share of $3.43 rising 7% year over year and net sales declining 3% to $2.433 billion. Beer segment sales grew nearly 2% to $2.28 billion, while wine and spirits sales plunged 47% to $149.2 million due to the 2025 Wine Divestitures. The company updated its fiscal 2027 reported EPS outlook to $11.50 to $12.20 and expects comparable EPS of $11.20 to $11.90. Analysts have since revised estimates downward, and the stock currently carries a Zacks Rank #3, or Hold.
Constellation Brands Inc Class AStock fell 3.8% since earnings despite beat, with downward estimate revisions and Hold rating.