With a market cap of $40.4 billion, Constellation Brands, Inc. (STZ) is a leading producer and marketer of beer, wine, and spirits, headquartered in Victor, New York. The company is renowned for its premium beverage portfolio, which includes iconic brands such as Corona, Modelo, and Robert Mondavi. It is expected to announce its fiscal Q3 earnings results before the market opens on Thursday, Jan. 9.
Ahead of the event, analysts expect STZ to report a profit of $3.34 per share, up 4.7% from $3.19 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. In the previous quarter, the company surpassed the consensus estimates by 5.1%, thanks to robust demand for its popular beer brands, which helped soften the hit from a slump in its wines and spirits business.
