Constellation Brands advances after beating profit estimates

Constellation Brands

08/01/2026 09:25

** 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

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))