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Constellation Brands Seen Reaffirming Guidance Despite Recent Slowdown, Needham Says

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Constellation Brands (STZ) is expected to reaffirm its guidance and post a "non-controversial" fiscal Q1 result, Needham said Friday, adding that it remains optimistic on the stock despite a recent slowdown that it believes was likely affected in part by higher gas prices and poor May weather.

The company is scheduled to report its Q1 results on Tuesday after the market close.

Needham said that expectations have moderated over the past few months as softer scanner volumes followed a strong finish to fiscal 2026.

The investment firm lowered its fiscal Q1 EPS estimate to $3.18 from $3.40 and reduced revenue forecast to $2.39 billion from $2.43 billion previously.

However, the brokerage remains positive as Constellation Brands continues to gain beer market share and could benefit from easier comparisons and World Cup-related demand.

Needham maintained its buy rating and price target of $185.

Price: $146.30, Change: $+1.85, Percent Change: +1.28%

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