Constellation Brands Analysts Boost Their Forecasts After Q1 Results
Constellation Brands Inc. (NYSE:STZ) posted weaker-than-expected earnings for its first quarter and affirmed its FY2026 earnings guidance after the closing bell on Tuesday.
Constellation Brands reported quarterly earnings of $3.22 per share, which missed the analyst consensus estimate of $3.31 per share. The company reported quarterly sales of $2.515 billion, which missed the analyst consensus estimate of $2.554 billion.
Constellation Brands affirmed its FY2026 adjusted EPS guidance of $12.60-$12.90 versus market estimates of $12.69.
STZ shares fell 0.2% to trade at $173.61 on Thursday.
These analysts made changes to their price targets on STZ following earnings announcement.
- Needham analyst Gerald Pascarelli maintained Constellation Brands with a Buy and raised the price target from $195 to $200.
- JP Morgan analyst Andrea Teixeira maintained the stock with a Neutral and raised the price target from $170 to $182.
- B of A Securities analyst Bryan Spillane maintained Constellation Brands with a Neutral and raised the price target from $180 to $182.
- Citigroup analyst Filippo Falorni maintained the stock with a Neutral and raised the price target from $170 to $174.
- UBS analyst Peter Grom maintained Constellation Brands with a Buy and raised the price target from $195 to $205.
Considering buying STZ stock? Here’s what analysts think:
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Latest Ratings for STZ
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Wells Fargo | Maintains | Overweight | |
Jan 2022 | Barclays | Maintains | Overweight | |
Jan 2022 | Credit Suisse | Maintains | Outperform |
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Posted-In: PT ChangesEarnings News Price Target Markets Analyst Ratings Trading Ideas