Constellation Brands Past Earnings Performance
Past criteria checks 3/6
Constellation Brands has been growing earnings at an average annual rate of 4.5%, while the Beverage industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 2.6% per year. Constellation Brands's return on equity is 20.9%, and it has net margins of 18.5%.
Key information
4.49%
Earnings growth rate
6.53%
EPS growth rate
| Beverage Industry Growth | 4.39% |
| Revenue growth rate | 2.59% |
| Return on equity | 20.95% |
| Net Margin | 18.46% |
| Next Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 02
STZ: World Cup Beer Demand And Marketing Spend Will Support Recovery
Analysts have trimmed the fair value estimate for Constellation Brands by about $1 to $176.73, as recent price target cuts tied to higher near term marketing spend around the World Cup and softer Q1 earnings expectations temper some of the earlier optimism reflected in prior target increases. Analyst Commentary Recent research shows a mix of optimism and caution around Constellation Brands as analysts recalibrate models ahead of fiscal Q1 earnings and factor in heavier marketing tied to the World Cup.Seeking Alpha • May 29
Constellation Brands: Valuation Is Drunk In Its Five-Year Low
Summary Constellation Brands faces headwinds from inflation, market saturation, and shifting consumer drinking habits impacting growth and technical sentiment. Despite sector challenges, STZ's valuation and core strengths provide resilience against market headwinds, warranting careful consideration before selling. Risk factors include inflation and declining alcohol consumption, but beer remains a preferred choice, supporting STZ's product mix. STZ's balance sheet and price ratios are highlighted as mitigating factors, with technicals reflecting ongoing investor caution. Read the full article on Seeking AlphaNarrative Update • May 17
STZ: Improving Beer Trends And Depletions Will Support Recovery Into 2026
Analysts have raised the consolidated price target on Constellation Brands by a mid single digit dollar amount, citing a series of upward target revisions from multiple firms and supportive commentary on beer trends, depletions, and valuation inputs such as the projected future P/E multiple. Analyst Commentary Recent research highlights a cluster of price target moves and rating changes on Constellation Brands, giving you a mix of optimistic and cautious signals to weigh.Narrative Update • May 02
STZ: Improving Beer Trends And Leadership Transition Will Support Recovery Into 2026
The analyst price target for Constellation Brands has been raised by about $6 to $177.55, with analysts pointing to stronger modeled revenue growth, a slightly higher assumed future P/E multiple, and recent waves of target hikes and upgrades across major firms as key drivers of the shift. Analyst Commentary Recent Street research on Constellation Brands shows a cluster of price target moves and rating changes, giving you a clear look at where analysts are focused right now.
Narrative Update • Apr 17
STZ: Beer Depletion Stability And Q3 Execution Will Drive Rerating Confidence
The analyst price target for Constellation Brands has shifted slightly to $219, as analysts factor in updated assumptions for modestly higher revenue growth, a lower profit margin, and a somewhat higher future P/E multiple following a series of recent price target increases and upgrades across the Street. Analyst Commentary Recent Street research shows a clear tilt toward a more constructive view on Constellation Brands, with a cluster of price target revisions and rating changes pointing to improved confidence in the company’s execution and long term earnings power.Narrative Update • Apr 01
STZ: Stabilizing Beer Trends And Cautious Guidance Will Support Recovery Into 2026
Analysts have made a modest upward revision to the implied value for Constellation Brands, with the anchor price target edging from about $171 to $172 as they weigh mixed target moves across the Street, steadier beer trends, Q3 results that were better than feared, and views of the stock as a controversial recovery story that still has investor interest. Analyst Commentary Street research on Constellation Brands has been mixed, with several firms tweaking price targets around recent Q3 results and reassessing how much of a recovery is already reflected in the shares.Narrative Update • Mar 18
STZ: Beer Depletion Stability And Q3 Execution Will Support Recovery Thesis
Analyst price targets for Constellation Brands have remained within a relatively tight range, with recent revisions clustering between $148 and $197 as analysts cite better than expected Q3 results, stable beer depletions, and cautious optimism from management about demand trends. Analyst Commentary Recent research points to a generally constructive tone around Constellation Brands, with several bullish analysts adjusting price targets higher following the fiscal Q3 report.
Narrative Update • Mar 04
STZ: Stable Beer Depletions And Reiterated 2026 Outlook Will Cap Upside
Analysts have nudged their average price targets on Constellation Brands higher, with moves such as Barclays lifting its target to $148, Citi to $155, Wells Fargo to $165, and Bernstein to $197. They cited better than expected Q3 results, stable beer depletions, and the company reiterating fiscal 2026 guidance as key supports for their updated views.Narrative Update • Feb 17
STZ: Stabilizing Beer Depletions And Cautious Guidance Will Support Recovery Into 2026
Analysts have nudged their price targets for Constellation Brands higher into a roughly $148 to $197 range, citing Q3 results that were ahead of expectations, more stable beer depletions, and management's cautious optimism as key supports for the updated view. Analyst Commentary Recent research updates cluster in a relatively tight price target range but reflect a mix of optimism on execution and caution on how much of the recent Q3 performance flows through to future results.Narrative Update • Feb 03
STZ: Q3 Beer Depletion Stability Will Support Recovery Thesis Going Forward
Narrative Update: Constellation Brands (Price Target and Analyst Rationale) The updated analyst price target for Constellation Brands has moved from about US$238 to US$220. This reflects a more cautious stance as analysts factor in modestly lower revenue growth, a slightly higher discount rate, and mixed but generally steady Q3 commentary across recent research notes.Narrative Update • Jan 20
STZ: Stabilizing Beer Trends And Cautious Guidance Will Shape Recovery Into 2026
Analysts have nudged their fair value estimate for Constellation Brands slightly lower to about US$171 from roughly US$171 previously. This reflects a mixed set of updated price targets that factor in Q3 results, modest tweaks to future P/E assumptions and small adjustments to expected revenue growth and margins.Narrative Update • Jan 06
STZ: Softer Revenue Outlook And Seasonal Beer Focus Will Restrain Upside
Analysts have reduced their price target on Constellation Brands slightly to reflect somewhat softer revenue growth expectations. This is partly offset by a modest improvement in projected profit margin and a lower future P/E assumption.Narrative Update • Dec 14
STZ: Lowered Guidance And Q2 Update Will Pressure Near-Term Upside
Analysts have lowered their price target on Constellation Brands by $30, to $175 from $205, citing already-reduced guidance and near-term headwinds. They expect top line trends to improve on easier comparisons into 2026.Narrative Update • Nov 30
STZ: Easing Headwinds And New Capacity Will Support Recovery Into 2026
Constellation Brands’ analyst price target has been cut from approximately $172 to $171. This revision reflects tempered revenue growth expectations and recent company guidance reductions, as analysts cite softer beer demand, inventory rebalancing, and increased margin pressures as factors behind the downgrade.Narrative Update • Nov 16
STZ: Demand Stabilization And Distribution Expansion Will Drive Positive Momentum Ahead
Constellation Brands' analyst price target was revised lower by $0.52 to $172.09. Analysts point to reduced profit outlooks and persistent softness in beer demand as key drivers behind the adjustment.Narrative Update • Nov 02
STZ: Beer Demand Will Recover As Distribution Initiatives Gain Traction
Analysts have reduced their average price target for Constellation Brands by a significant margin. They cite recent guidance cuts, weaker beer sales, and ongoing demand uncertainty.Narrative Update • Oct 18
Wine And Spirits Restructuring And Veracruz Brewery Expansion Will Succeed
Analysts have lowered their price targets for Constellation Brands by several dollars. Consensus fair value has fallen from $176.09 to $172.61, citing cautious near-term demand trends and recent guidance reductions from the company.Analysis Article • Oct 14
We Like The Quality Of Constellation Brands' (NYSE:STZ) Earnings
Constellation Brands, Inc.'s ( NYSE:STZ ) solid earnings announcement recently didn't do much to the stock price. We...Narrative Update • Oct 04
Wine And Spirits Restructuring And Veracruz Brewery Expansion Will Succeed
Constellation Brands’ analyst price target has been reduced by approximately $3.70 to $176. Analysts cite lowered FY26 guidance, driven by weaker beer demand and ongoing inventory challenges.Narrative Update • Sep 19
Wine And Spirits Restructuring And Veracruz Brewery Expansion Will Succeed
Analysts have cut Constellation Brands’ price target from $183.00 to $179.78, citing sharp guidance reductions for FY26 amid persistent U.S. beer category headwinds, weaker demand (notably in higher-end segments and among Hispanic consumers), margin and inventory pressures, and concerns over management credibility following abrupt outlook changes. Analyst Commentary Significant guidance cuts for FY26, especially on beer sales, driven by weak demand, distributor inventory rebalancing, and underperformance in higher-end beer segments.Narrative Update • Sep 04
Wine And Spirits Restructuring And Veracruz Brewery Expansion Will Succeed
Constellation Brands’ price target remains unchanged at $187.52 as sharply reduced FY26 guidance, ongoing demand headwinds, and margin concerns drive analyst caution despite a discounted valuation and stable long-term outlook. Analyst Commentary Constellation Brands' sharply reduced FY26 guidance, including significant downward revisions to beer volumes and EBIT, has raised concerns about demand visibility, inventory destocking, and management's credibility in communication and planning.Analysis Article • Jul 24
Pinning Down Constellation Brands, Inc.'s (NYSE:STZ) P/S Is Difficult Right Now
Constellation Brands, Inc.'s ( NYSE:STZ ) price-to-sales (or "P/S") ratio of 3.1x may not look like an appealing...Seeking Alpha • Apr 06
Constellation Brands: Exploiting The Fear Of Tariffs To Buy It At A Discount
Summary Constellation Brands stock is undervalued due to tariff concerns, but its strong fundamentals and market dominance make it a compelling buy opportunity. Tariffs on Mexican imports have hurt STZ, but I believe they are temporary and will be lifted, boosting the stock price. Despite tariffs, STZ's revenue and profitability have grown steadily, supported by share buybacks and a solid dividend yield of 2.23%. The Mexican Peso's depreciation could offset some tariff impacts, making STZ's current low valuation an attractive entry point for investors. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Constellation Brands: Lots Of Value, But Also Lots Of Uncertainty
Summary Constellation Brands faces uncertainty due to Trump's tariffs on Mexican imports, impacting 85% of revenue and potentially reducing EPS by $3.69 per share in fiscal 2026. Despite strong performance in the Beer Business, the Wine and Spirits segment struggles, with revenue down 14% and profit expected to decline by 17-19% in FY25. Financially robust with a favorable valuation, Constellation Brands offers a good dividend and share buyback program but faces long-term growth challenges tied to the Latino community. Given the current uncertainties and potential impact of tariffs, I rate Constellation Brands "On Hold". Read the full article on Seeking AlphaSeeking Alpha • Mar 03
Constellation Brands: Positioning For Alpha In A Mispriced Market - Follow The Smart Money
Summary Constellation Brands' Q3 FY25 earnings miss led to a 17% stock drop, creating a buying opportunity due to market overreaction. Improved free cash flow guidance and strong beer segment performance, especially with Modelo Especial and Pacifico, highlight financial strength. The stock is undervalued, trading at a significant discount to historical and sector averages, with strong cash flow and market leadership. Despite short-term challenges, Constellation Brands' dominant market position, pricing power, and Buffett's endorsement makes it a compelling long-term buy. Read the full article on Seeking AlphaSeeking Alpha • Feb 24
Constellation Brands: Compelling Growth May Just Offset Tariff Risk
Summary Constellation Brands (STZ) is trading at its lowest valuation since 2020, partly due to potential U.S. tariffs on Canada, Mexico, and China. Despite tariff risks, STZ's beer segment shows strong growth potential with significant investments in production capacity and favorable volume/pricing trends. The company's $3 billion in planned capex and capital return programs will benefit shareholders. STZ remains a high-margin, growing business likely to deliver solid long-term returns and dividend growth. Read the full article on Seeking AlphaSeeking Alpha • Feb 16
Constellation Brands: Berkshire Hathaway Defies Tariff Concerns With A Stake
Summary Warren Buffett's Berkshire Hathaway acquired a $1.24 billion stake in alcoholic beverage producer Constellation Brands, likely valuing the company's long and stable earnings growth track record. Despite the strong history, Constellation's earnings have major risks as the U.S. spirit industry is struggling and Trump's potential tariff on Mexico would have major implications on Constellation. Overall, earnings should still stay stable with Constellation's extremely high margins, and I estimate a $178 fair value - as the stock has fallen, the concerns are likely priced in. Read the full article on Seeking AlphaSeeking Alpha • Jan 13
Constellation Brands Falls 17%, Looks Like A Bargain
Summary Constellation Brands faces challenges including tariffs, declining wine and spirits sales, and a shift towards healthier lifestyles, impacting overall revenue and growth projections. Despite these headwinds, the company’s beer brands remain strong, with management focusing on cost savings, share buybacks, and potential price increases to mitigate risks. Management’s guidance for fiscal 2025 and 2026 suggests moderate growth, but tariff uncertainties and economic pressures on lower-end consumers pose significant risks. Given the current valuation and potential for long-term growth, Constellation Brands is a cautious buy, with the caveat of possible tariff impacts and market volatility. Read the full article on Seeking AlphaSeeking Alpha • Dec 19
Constellation Brands: A Valuation Analysis Amid Industry Headwinds
Summary Constellation Brands shows mixed performance; strong beer segment growth contrasts with declining wine and spirits sales, affecting overall financial results. Rising input costs, shifting consumer preferences, and potential regulatory headwinds pose significant risks to STZ's future performance and profitability. Despite challenges, STZ's disciplined capital allocation, including dividend growth and share buybacks, underscores management's effective use of free cash flow. Future share price analysis suggests STZ stock is undervalued by 44-47%, but near-term upside is limited; rating shares a HOLD with potential for future re-rating to BUY. Read the full article on Seeking AlphaSeeking Alpha • Dec 08
Constellation Brands: Reflecting Both The Weakness And Potential In Beverages
Summary My primary investments in the past year have been in the beverage and alcohol sector, including Diageo, LVMH, Carlsberg, and Heineken. Despite the sector's current slump due to duties, taxes, and geopolitical instability, I believe these companies are undervalued with significant upside potential. I hold a different view from the market, seeing superb valuations and underestimated upside in these companies. Today, I will update my stance on Constellation Brands, highlighting its diverse portfolio in beer, wine, and spirits. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Constellation Brands makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Feb 26 | 9,139 | 1,687 | 1,756 | 0 |
| 30 Nov 25 | 9,383 | 1,110 | 1,759 | 0 |
| 31 Aug 25 | 9,624 | 1,223 | 1,808 | 0 |
| 31 May 25 | 10,062 | -442 | 1,840 | 0 |
| 28 Feb 25 | 10,209 | -81 | 1,825 | 0 |
| 30 Nov 24 | 10,184 | 686 | 1,799 | 0 |
| 31 Aug 24 | 10,191 | 580 | 1,773 | 0 |
| 31 May 24 | 10,109 | 2,469 | 1,802 | 0 |
| 29 Feb 24 | 9,962 | 1,727 | 1,821 | 0 |
| 30 Nov 23 | 9,820 | 1,558 | 1,773 | 0 |
| 31 Aug 23 | 9,786 | 1,517 | 1,824 | 0 |
| 31 May 23 | 9,604 | -325 | 1,835 | 0 |
| 28 Feb 23 | 9,453 | -71 | 1,803 | 0 |
| 30 Nov 22 | 9,557 | 101 | 1,865 | 0 |
| 31 Aug 22 | 9,441 | 105 | 1,754 | 0 |
| 31 May 22 | 9,157 | 1,257 | 1,751 | 0 |
| 28 Feb 22 | 8,821 | -40 | 1,665 | 0 |
| 30 Nov 21 | 8,671 | -53 | 1,718 | 0 |
| 31 Aug 21 | 8,789 | 757 | 1,760 | 0 |
| 31 May 21 | 8,678 | 1,268 | 1,671 | 0 |
| 28 Feb 21 | 8,615 | 1,998 | 1,626 | 0 |
| 30 Nov 20 | 8,565 | 2,014 | 1,540 | 0 |
| 31 Aug 20 | 8,126 | 1,093 | 1,521 | 0 |
| 31 May 20 | 8,210 | 56 | 1,536 | 0 |
| 29 Feb 20 | 8,344 | -12 | 1,584 | 0 |
| 30 Nov 19 | 8,238 | 829 | 1,547 | 0 |
| 31 Aug 19 | 8,211 | 772 | 1,499 | 0 |
| 31 May 19 | 8,166 | 2,447 | 1,475 | 0 |
| 28 Feb 19 | 8,116 | 3,436 | 1,482 | 0 |
| 30 Nov 18 | 8,081 | 3,107 | 1,472 | 0 |
| 31 Aug 18 | 7,910 | 3,297 | 1,525 | 0 |
| 31 May 18 | 7,699 | 2,649 | 1,499 | 0 |
| 28 Feb 18 | 7,580 | 2,303 | 1,371 | 0 |
| 30 Nov 17 | 7,446 | 1,845 | 1,396 | 0 |
| 31 Aug 17 | 7,455 | 1,758 | 1,317 | 0 |
| 31 May 17 | 7,388 | 1,615 | 1,319 | 0 |
| 28 Feb 17 | 7,321 | 1,529 | 1,282 | 0 |
| 30 Nov 16 | 7,247 | 1,327 | 1,288 | 0 |
| 31 Aug 16 | 7,077 | 1,191 | 1,225 | 0 |
| 31 May 16 | 6,789 | 1,135 | 1,148 | 0 |
| 29 Feb 16 | 6,548 | 1,055 | 1,124 | 0 |
| 30 Nov 15 | 6,361 | 1,026 | 1,097 | 0 |
| 31 Aug 15 | 6,263 | 978 | 1,075 | 0 |
Quality Earnings: STZ has high quality earnings.
Growing Profit Margin: STZ became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: STZ's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: STZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: STZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Beverage industry (23.9%).
Return on Equity
High ROE: Whilst STZ's Return on Equity (20.95%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 03:56 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2026/02/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Constellation Brands, Inc. is covered by 41 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Lauren Lieberman | Barclays |
| Michael Branca | Barclays |