Constellation Brands, Inc. (NYSE:STZ) shares raced higher in Wednesday's extended trading after the company released its fourth-quarter earnings report and a disappointing fiscal 2027 outlook.
- STZ stock is moving. Watch the price action here.
The Details: Constellation Brands, home of the Modelo and Corona beer brands, reported quarterly earnings of $1.90 per share, which beat the consensus estimate of $1.71.
Quarterly revenue came in at $1.92 billion, which beat the Street estimate of $1.86 billion and was down from $2.16 billion in the same period last year, according to Benzinga Pro data.
“We had six of the top 15 dollar share-gaining brands across the total beer category and continued to be the #1 high-end beer supplier in the U.S. by dollar sales. More specifically, in relation to the performance of our core beer brands: Modelo Especial maintained its leading position as the #1 overall beer brand by dollar sales across the entire U.S. beer category, and was the #4 dollar share gainer during the period,” the company said in earnings commentary.
Outlook: Constellation Brands expects fiscal 2027 adjusted EPS of $11.20 to $11.90, versus the $12.37 analyst estimate.
STZ Stock Price: According to data from Benzinga Pro, Constellation Brands stock fell 2% to $147.26 in Wednesday's extended trading.
Photo: Shutterstock
Login to comment