Constellation Brands Inc reports results for the quarter ended February 28 - Earnings Summary

• Constellation Brands Inc STZ.N reported quarterly adjusted earnings of $2.63​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $2.26. The mean expectation of nineteen analysts for the quarter was for earnings of $2.28 per share. Wall Street expected results to range from $2.12 to $2.36 per share.

• Revenue rose 1.2% to $2.16 billion from a year ago; analysts expected $2.13 billion.

• Constellation Brands Inc's reported EPS for the quarter was a loss of $2.09​.

• The company reported a quarterly loss of $375.3 million.

• Constellation Brands Inc shares had fallen by 6.8% this quarter and lost 22.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the brewers peer group is also "buy"

• Wall Street's median 12-month price target for Constellation Brands Inc is $210.00

This summary was machine generated from LSEG data April 9 at 10:36 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)