Constellation Brands Inc. (NYSE: STZ) is expected to report its next earnings results before the market opens on Wednesday, October 6. Analysts predict quarterly sales in the range of $2.27 billion to $2.39 billion.

The Zacks consensus estimate for Constellation Brands is $2.35 billion in revenue for the quarter, which would be an approximate 4% increase over its results for the same quarter last year, when the beverage alcohol concern posted sale of $2.26 billion.

On June 29, the US maker of Corona Hard Seltzer reported $2.33 earnings per share for the previous quarter, missing the Reuters consensus estimate of $2.35 per share, a miss of 0.85%.

The company sales reached $2.03 billion during that quarter, just exceeding consensus expectations of $2.02 billion in revenue.

STZ stock is currently trading at $212.62 per share, approximately 32% higher than its 52-week low of $160.63, but 13% off its 52-week high of $244.75.

Constellation Brands manufactures and distributes beer, wine, and spirits in the US, Mexico, Canada, New Zealand, and Italy.

Aiden Gentson
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