Constellation Brands advances after beating profit estimates

Shares of Corona beer maker Constellation Brands STZ.N up 1.7% to $142.81 in premarket trading

Co beats Q3 sales and profit estimates, fueled by steady demand for its Modelo Especial and Corona beer brands

Forecasts annual earnings per share between $9.72 and $10.02 vs prior expectations of $9.86 to $10.16
Co reported adjusted quarterly profit of $3.06 per share, beating estimates of $2.63 per share

Brokerage Roth MKM says third-quarter beer depletions remained soft, but believes trends improved through December and will accelerate further in calendar year 2026

14 of 25 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is $169 - data compiled by LSEG

As of last close, stock down 35.70% in 2025