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Constellation Faces Long-Term Risks Related to Alcohol Consumption, Morgan Stanley Says
US Markets

Constellation Faces Long-Term Risks Related to Alcohol Consumption, Morgan Stanley Says

Constellation Brands (STZ) faces long-term risks related to alcohol consumption, though the beer and wine company stands to benefit from falling gasoline prices and improved market share in the short term, Morgan Stanley said in a note emailed Thursday.The maker of Modelo and Corona reported fiscal first-quarter results above Wall Street's expectations late Tuesday. Beer shipments rose 1.8%, buoyed by the FIFA World Cup, though high gasoline prices amid the Middle East conflict weighed on depletions, according to the brokerage.The depletion rate captures the pace at which units are sold to end consumers. Gasoline prices in the US have fallen from $4.29 per gallon a month ago as the US and Iran agreed to end their war and reopen the Strait of Hormuz."We remain (equal-weight) longer-term on concerns about secular headwinds to alcohol consumption and some maturation in (Constellation's) portfolio at higher share levels, but see the glass as half full short-term with declining gasoline prices, improved (Constellation) market share trends in scanner data, and moderating social pressures on (its) Hispanic consumers," Morgan Stanley said.The brokerage lowered its price target on Constellation to $158 from $183 due to weak industry trends and maintained an equal-weight rating.Constellation's beer depletions were soft in April and May as high gasoline prices impacted consumer spending, Morgan Stanley said. However, the company highlighted a muted recovery in June, driven by improved sentiment and the World Cup, according to the note.Constellation maintained its full-year outlook, including expectations for comparable earnings per share at $11.20 to $11.90. The FactSet-polled consensus calls for $11.79 in adjusted EPS.Price: $137.50, Change: $+0.62, Percent Change: +0.45%

$STZ
Wire

Constellation Brands Reports Solid Q1 Beat, RBC Says

Constellation Brands (STZ) delivered a solid Q1 beat with in-line depletions, healthy operating margins, reiteration of its full-year guidance, RBC Capital Markets said in a note Thursday.The report also said the company was cautiously optimistic on improving June volume trends driven by World Cup activation and easing gas prices.The note said estimates for Q2 and Q3 move lower on operatingexpense and marketing timing on World Cup opportunities while beer volumes and gross margins are improving."We view guidance as achievable with upside bias as volume momentum builds," the report said.RBC maintained its outperform rating and $185 price target.Price: $138.15, Change: $+1.27, Percent Change: +0.93%

$STZ
Wire

BofA Securities Adjusts Constellation Brands Price Target to $145 From $152, Maintains Underperform Rating

Constellation Brands (STZ) has an average rating of overweight and mean price target of $171.27, according to analysts polled by FactSet.Price: $138.25, Change: $+1.37, Percent Change: +1.00%

$STZ
Stocks Down Pre-Bell Ahead of Key Labor Data, Fed Chair Warsh's Remarks
US Markets

Stocks Down Pre-Bell Ahead of Key Labor Data, Fed Chair Warsh's Remarks

The main US stock measures were pointing lower in Wednesday's premarket activity as traders await key labor market data and commentary from Federal Reserve Chair Kevin Warsh.The S&P 500 and the Dow Jones Industrial Average declined 0.2% each before the opening bell, while the Nasdaq was off 0.5%. The indexes finished Tuesday trading in the green, with the Dow recording a new all-time high.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Employers in the US announced 45,849 layoffs in June, down 53% from the month prior and 4% year over year, according to Challenger, Gray & Christmas' latest report. The ADP Employment report for last month posts at 8:15 am ET, followed by the weekly jobless claims bulletin at 8:30 am.The government's nonfarm payrolls report for June is scheduled to be released on Thursday. On Tuesday, official data showed job openings were little changed in May as hiring fell and separations rose.Warsh is slated to speak at the European Central Bank forum in Portugal at 9 am. Investors will be watching his remarks for any insight into future Fed monetary policy.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am. The final Purchasing Managers' manufacturing index for June is out at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Treasury yields were trending higher in premarket action, with the two-year rate increasing 3.1 basis points to 4.17% and the 10-year rate adding 4.1 basis points to 4.46%.US President Donald Trump's special envoys, Steve Witkoff and Jared Kushner, arrived in Doha, Qatar, on Tuesday, Bloomberg News reported. Qatar, a mediator between the US and Iran, said the two US envoys are not scheduled to meet any Iranian officials and downplayed the possibility of a breakthrough in talks to permanently end the conflict between the two countries.West Texas Intermediate crude oil fell 1.2% to $68.66 a barrel before the open, while Brent decreased 1.1% to $72.14."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.Shares of Nike (NKE) declined 3.3% pre-bell as the sportswear giant reported lower fiscal fourth-quarter revenue on a yearly basis. Constellation Brands (STZ) gained 1.6% after the beer and wine company reported an unexpected year-over-year increase in its fiscal first-quarter earnings.General Mills (GIS), FactSet Research Systems (FDS), MSC Industrial Direct (MSM) and Unifirst (UNF) are expected to report their latest financial results before the bell.Gold moved down 0.9% to $4,003 per troy ounce, while bitcoin slipped 0.1% to $58,600.

Dow JonesNasdaq CompositeS&P 500$FDS$GIS$MSM$NKE$STZ$UNF
Constellation Brands Fiscal First-Quarter Earnings Unexpectedly Rise
US Markets

Constellation Brands Fiscal First-Quarter Earnings Unexpectedly Rise

Constellation Brands (STZ) shares rose early Wednesday after the beer and wine company reported an unexpected year-over-year increase in its fiscal first-quarter earnings, while revenue came in ahead of Wall Street's estimates.Adjusted earnings came in at $3.43 per share for the quarter ended May, up from $3.22 the year before, the company said late Tuesday, defying the Street's expectations for a decrease to $3.19. Sales declined 3% to $2.43 billion, but topped the consensus view of $2.39 billion. Organic net sales gained 3%.The stock was up 2.4% in the most recent premarket activity."Despite a discerning and value-conscious consumer environment, we grew enterprise organic net sales and gained share during the first quarter of fiscal 2027," Chief Executive Nicholas Fink said in a statement.Consumer spending patterns remained "dynamic" throughout the quarter amid persistent inflation and economic uncertainties, Fink said in prepared remarks available on the company's website. While Constellation saw a resurgence in purchasing behavior amid a "more normalized" start to the quarter, financial pressures driven by a significant hike in gasoline prices led to a "more discerning and value-conscious consumer mindset" and a deceleration in beverage volume trends as the period progressed, the CEO said.Beer revenue increased 2% to $2.28 billion, buoyed by shipment growth of 1.8% and favorable pricing. The division's depletion rate, or the pace at which units are sold to end consumers, edged down 0.3%, as gains in the Pacifico, Victoria and the Modelo Chelada brands were offset by declines in Modelo Especial and Corona Extra.Sales of wine and spirits dropped 47% to $149.2 million, amid a 64% plunge in shipment volume, reflecting the impact of the divestiture of certain wine and spirits brands in 2025, the company said. The division's depletions rose 6.6%.For fiscal 2027, Constellation continues to project adjusted EPS to come in between $11.20 and $11.90, while the Street is looking for $11.74. Enterprise organic sales, beer net sales and organic sales in the wine and spirits division are all still pegged to be down 1% to up 1% for the ongoing fiscal year."We expect (Constellation Brands) to exhibit better volume performance this year due to improving sentiment among Hispanic consumers, expansion of new pack sizes, new marketing campaigns, the World Cup and improved analytics to help local market execution," RBC Capital Markets said in a note.The company's fiscal 2027 guidance is "understandably cautious" given the current environment and should be achievable even if conditions worsen, the brokerage said.

$STZ
Wire

Constellation Brands Fiscal Q1 Adjusted Earnings Rise, Net Sales Fall

Constellation Brands (STZ) reported fiscal Q1 adjusted earnings late Tuesday of $3.43 per diluted share, up from $3.22 a year earlier.Analysts surveyed by FactSet expected $3.19.Net sales for the quarter ended May 31 were $2.43 billion, down from $2.52 billion a year earlier. Analysts expected $2.39 billion.The company affirmed its fiscal 2027 adjusted EPS guidance of $11.20 to $11.90. Analysts expect $11.74.

$STZ
Update: Equity Markets Rise Intraday, Poised for Strong Quarterly Gains
US Markets

Update: Equity Markets Rise Intraday, Poised for Strong Quarterly Gains

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, led by gains in the technology sector, and poised to close out a winning quarter and first half of the year.The Nasdaq Composite was up 1.4% at 26,172.6 after midday Tuesday -- the last trading session of June -- while the S&P 500 rose 0.7% to 7,495.2. The Dow Jones Industrial Average added 0.3% to 52,362.8, following a record-high close in the previous session.The S&P 500 and the Nasdaq were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, news outlets reported. The Dow was poised for its best first-half performance since 2021, while the S&P 500 and the Nasdaq were also higher, CNBC reported.Among sectors, tech paced the gainers intraday Tuesday with a 2.2% jump, while real estate saw the steepest decline.Within tech, chip-related stocks mainly led gains, with Intel (INTC) up 7.7%, among the top performers on the S&P 500. Nvidia (NVDA) rose 1.7%, the third-best performer on the Dow. Advanced Micro Devices (AMD), Sandisk (SNDK), and Marvell Technology (MRVL) were also notable gainers on the S&P 500.AeroVironment (AVAV) shares jumped nearly 19% as the drone maker overnight reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint.Zimmer Biomet (ZBH) shares were down 6.9% intraday Tuesday, the worst performer on the S&P 500.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the closing bell Tuesday.West Texas Intermediate crude oil was down 1.4% at $69.75 a barrel intraday, while Brent slipped 0.3% to $72.95.WTI and Brent were headed for a steep decline for the month of June as oil prices sold off after the US and Iran agreed to a memorandum of understanding to end their war. In May, crude prices tumbled about 17%."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.US special envoys Steve Witkoff and Jared Kushner, who are in Doha, will meet Qatari mediators, not Iranian officials, CNN reported, citing Qatar's Foreign Ministry.US Treasury yields were higher intraday, with the 10-year rate up 3.3 basis points at 4.41% and the two-year rate rising 2.2 basis point to 4.14%.In economic news, US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said.US home price growth accelerated annually in April, though the value of homes continued to deteriorate in real terms as high inflation outpaced price gains, S&P Global (SPGI) division S&P Dow Jones Indices said.Gold was little changed at $4,039.40 per troy ounce, while silver climbed 2.1% to $59.86 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AVAV$INTC$MRVL$NKE$NVDA$SNDK$SPGI$STZ$ZBH
Stocks Rise Pre-Bell as Markets Head for Strong Second-Quarter Finish
US Markets

Stocks Rise Pre-Bell as Markets Head for Strong Second-Quarter Finish

The benchmark US stock measures rose before the bell Tuesday as markets head toward a strong finish to the second quarter.The S&P 500 and the Nasdaq edged up 0.1% each in premarket activity, while the Dow Jones Industrial Average added 0.2%. The indexes finished the previous trading session in the green, with the Dow hitting a fresh all-time high.The S&P 500 and the Nasdaq Composite were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, Reuters reported.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Markets were buoyed after the US Supreme Court on Monday rejected President Donald Trump's request to overturn a lower court's ruling that prevented him from firing Federal Reserve Governor Lisa Cook.In August 2025, Trump attempted to fire Cook over mortgage fraud allegations. Cook challenged the decision in a federal court, which issued a temporary restraining order that blocked the attempted removal.Iran reportedly said Monday that no talks were scheduled with the US in the coming days, despite Trump saying Washington will meet with Tehran in Qatar on Tuesday. Both sides recently engaged in attacks in and around the Strait of Hormuz, but agreed to pause hostilities to continue talks on a peace deal reached earlier in the month.West Texas Intermediate crude oil rose 0.3% to $70.97 a barrel before the opening bell, while Brent ticked up 0.1% to $73.22.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for April, at 9 am ET. The Chicago purchasing managers' index for June posts at 9:45 am, followed by the consumer confidence report for the same month at 10 am.The Job Openings and Labor Turnover Survey for May is also out at 10 am. Cleveland Fed President Beth Hammack is scheduled to speak at 10:40 am.Treasury yields were down in premarket action, with the two-year rate retreating 0.5 basis points to 4.1% and the 10-year rate off 0.7 basis point to 4.37%.Shares of AeroVironment (AVAV) jumped 24% pre-bell as the drone maker reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint. Super Micro Computer (SMCI) rebounded 1.9% following an 8.1% drop at the close of Monday.Rocket Lab (RKLB) rose 3.3% after closing the previous session up 16%. The company recently agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal worth about $8 billion to create a vertically-integrated space company.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the markets close.Gold inched higher at $4,040 per troy ounce, while bitcoin fell 1.7% to $59,275.

Dow JonesNasdaq CompositeS&P 500$AVAV$IRDM$NKE$RKLB$SMCI$STZ
Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week
US Markets

Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit a fresh all-time high at the start of what will be a short trading week.The Dow rose 0.6% to settle at 52,182.7 on Monday, closing above 52,000 for the first time. The Nasdaq Composite advanced 2.1% to 25,820.1, while the S&P 500 climbed 1.2% to 7,440.3, with both indexes rebounding after a five-day losing streak. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.The New York Stock Exchange and Nasdaq will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Iran said that no talks were scheduled with the US in the coming days, despite President Donald Trump saying Washington will meet with Tehran in Qatar on Tuesday, CNN reported.Both sides engaged in attacks in and around the Strait of Hormuz.West Texas Intermediate crude oil was up 1.8% at $70.45 a barrel in Monday late-afternoon trade, while Brent advanced 1.1% to $72.78.US Treasury yields were higher, with the two-year rate up 1.1 basis points at 4.11% and the 10-year rate rising 0.7 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares jumped 4.8%, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.2%.Alphabet's class C shares (GOOG) rose 5%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations. Comcast shares advanced 4.5%.Honeywell International (HON) shares fell 6.4%, the worst performer on the Dow and third-biggest drop on the S&P 500. The company completed the spinoff of its aerospace business into an independent publicly traded company.Martin Marietta Materials (MLM) agreed to combine with limestone supplier Lhoist North America in a $13.5 billion deal. Shares of the American building materials supplier slumped 5.7%, among the steepest declines on the S&P 500.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week.Gold was down 1.7% at $4,028.80 per troy ounce, while silver dropped 1% to $58.66 per ounce.

Dow JonesNasdaq CompositeS&P 500$CMCSA$GIS$GOOG$GOOGL$HON$MLM$NKE$STZ
Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting
US Markets

Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as Washington and Iran agreed to halt renewed hostilities, while US President Donald Trump said the two countries will hold a meeting Tuesday.The Nasdaq Composite was up 1.9% at 25,771.3 after midday Monday, while the S&P 500 rose 1.1% to 7,433.8. The Dow Jones Industrial Average advanced 0.7% to 52,217.3. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.On Sunday, the US and Iran agreed to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."In a social media post Monday, Trump said Iran has requested a meeting that will take place in Doha, Qatar, Tuesday.West Texas Intermediate crude oil was up 2.4% at $70.92 a barrel intraday Monday, while Brent advanced 1.8% to $73.31."Renewed US-Iran tensions failed to materially lift oil prices," ING Bank said in a note. "While the oil market is technically in oversold territory, momentum appears to still be to the downside."US Treasury yields were higher intraday, with the two-year rate up 2.5 basis points at 4.11% and the 10-year rate rising 1.3 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares were up 4.8% intraday, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.8% and was the second-worst performer on the S&P 500.Alphabet's class C shares (GOOG) rose 5.1%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares were up 5.7%.Honeywell International (HON) shares were down 2.7%, the worst performer on the Dow. The company completed the spinoff of its aerospace business into an independent publicly traded company.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) are scheduled to report after the closing bell Monday.Gold was down 1.4% at $4,040.50 per troy ounce, while silver dropped 1.1% to $58.56 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVAV$CMCSA$CNXC$GIS$GOOG$GOOGL$HON$NKE$STZ
Stocks Rise Pre-Bell as US-Iran Agree to Halt Renewed Hostilities; Traders Await Fresh Labor Data
US Markets

Stocks Rise Pre-Bell as US-Iran Agree to Halt Renewed Hostilities; Traders Await Fresh Labor Data

The benchmark US stock measures were tracking in the green before the opening bell Monday as the US and Iran agreed to halt renewed hostilities, while traders await fresh labor market data later in the holiday-shortened week.The S&P 500 rose 0.5%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.8% in premarket activity. The indexes finished Friday trading lower, with the Nasdaq extending its losses for a fifth consecutive session.US markets will be closed on Friday for the July 4 Independence Day holiday.The US and Iran agreed on Sunday to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."The US launched a fresh round of strikes against multiple targets in Iran over the weekend, the US Central Command said in a statement on Saturday. The attacks came amid reports that Iran had carried out strikes on eight key US military installations across the Middle East.Last week, President Donald Trump accused Tehran of violating the ceasefire agreement signed earlier in the month by attacking ships passing through the strait with drones. "There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started," Trump said in a social media post on Saturday.West Texas Intermediate crude oil inclined 1.7% to $70.42 a barrel before the open, while Brent advanced 1.4% to $72.96.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for May on Tuesday, followed by the ADP employment report and the Challenger Job Cut report, both for June, on Wednesday. The government's nonfarm payrolls data for June is scheduled to be released on Thursday.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 2.1 basis points to 4.11% and the 10-year rate rising 1 basis point to 4.38%.Last week, government data showed that consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years.Minneapolis Federal Reserve President Neel Kashkari reportedly said Friday that an interest rate increase looks necessary this year.Consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, according to a survey by the University of Michigan on Friday.Monday's thin economic calendar has the Dallas Fed manufacturing survey for June at 10:30 am ET.Comcast (CMCSA) shares jumped 18% pre-bell after the company announced plans to separate its media and technology businesses into two publicly traded entities. Verizon Communications (VZ) edged down 0.2% as the telecommunications giant agreed with UK-based BT Group to combine their international businesses in a joint venture.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) post their earnings after the markets close Monday.Gold declined 1.1% to $4,052 per troy ounce, while bitcoin gained 1.3% to $60,117.

Dow JonesNasdaq CompositeS&P 500$AVAV$CMCSA$CNXC$GIS$NKE$STZ$VZ
Wire

Constellation Brands Seen Reaffirming Guidance Despite Recent Slowdown, Needham Says

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%

$STZ
Wire

Constellation Brands' Fiscal 2027 Guidance Seen Intact Despite Beer Weakness, RBC Says

Constellation Brands (STZ) is expected to reaffirm its fiscal 2027 guidance, with recent beer category weakness appearing cyclical and Q1 results likely to meet consensus expectations despite flat beer depletions, RBC Capital Markets said in a Friday note.The brokerage said recent beer volume weakness was driven mainly by temporary economic factors, including higher fuel prices and unfavorable weather, with June volumes improving on easing gasoline prices and World Cup-related demand.RBC expects the World Cup and gasoline price relief to provide near-term volume catalysts, and believes management will strike a more optimistic tone on beer volumes while maintaining its full-year outlook.The firm said an in-line quarter, reaffirmed guidance and improving beer volume trends should support investor sentiment, as it views the recent category slowdown as temporary rather than a sign of weakening fundamentals.RBC maintained its outperform rating on the stock and a $185 price target.Price: $146.41, Change: $+1.96, Percent Change: +1.36%

$STZ
Constellation Brands Likely to Report In-Line Quarterly Results, Reiterate Outlook, RBC Says
US Markets

Constellation Brands Likely to Report In-Line Quarterly Results, Reiterate Outlook, RBC Says

Constellation Brands (STZ) is expected to report fiscal first-quarter results in line with Wall Street estimates and reiterate its full-year outlook, RBC Capital Markets said in a Friday note.The beer and wine company's shares have come under pressure due to sequential category volume slowdowns driven by economic headwinds, including higher gas prices and weather, with a heavier impact on its West Coast exposure, RBC said. The brokerage expects flat beer depletions for the quarter and sees the company meeting Wall Street expectations on both revenue and earnings.The maker of Modelo and Corona is scheduled to report fiscal first-quarter results on June 30. Analysts polled by FactSet expect the company to post adjusted earnings per share of $3.20 and revenue of $2.39 billion.The brokerage said Constellation Brands' fiscal 2027 guidance was conservative despite concerns around softer volume trends. It views the pressure as cyclical rather than any weakening in brand strength or consumer demand. RBC expects the company to reiterate its guidance, with World Cup activation and easing gas prices seen as near-term catalysts for beer volumes.In April, Constellation Brands set its fiscal 2027 comparable earnings guidance at $11.20 to $11.90 per share, a range that came in below Wall Street expectations at the time."Overall, we see risk/reward as favorable -- an in-line quarter, guidance reiteration, and a more optimistic volume tone should be sufficient," RBC analyst Nik Modi said in the note.RBC has an Outperform rating on Constellation Brands shares and a price target of $185.

$STZ
Wire

Constellation Brands' Fiscal Q1 Not Seen as 'Meaningful Catalyst,' UBS Says

Constellation Brands' (STZ) fiscal Q1 results are not expected to be a "meaningful catalyst," but the fiscal 2027 guidance appears "achievable," UBS Securities said in a note emailed Wednesday.Earlier in the year, UBS' conversations suggested sentiment was constructive on Constellation Brands, given a better start to the year from a tracked channel perspective, as well as expectations of easier comparisons and demand benefits from the World Cup and the 250th US anniversary, driving stronger revenue growth, according to the note.However, Constellation Brands shares were seen underperforming as demand trends have significantly softened for the last two months, UBS said.UBS projects fiscal Q1 beer depletions to be down 1%, versus a prior expectation of 1% growth and Street estimates of 0.3% growth. It also expects total beer sales to fall 0.5%.The company currently forecasts fiscal 2027 earnings per share of $11.20 to $11.90, versus UBS forecast of $11.72.Constellation Brands is scheduled to report fiscal Q1 results after the bell on June 30.UBS kept a buy rating on Constellation Brands and lowered the price target to $175 from $186.Price: $140.02, Change: $-4.10, Percent Change: -2.84%

$STZ
Insider Trading

Constellation Brands Insider Sold Shares Worth $631,259, According to a Recent SEC Filing

James O. Bourdeau, Executive Vice President and Senior Advisor, on May 12, 2026, sold 4,407 shares in Constellation Brands (STZ) for $631,259. Following the Form 4 filing with the SEC, Bourdeau has control over a total of 9,109 Class A common shares of the company, with 9,109 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/16918/000172179626000006/xslF345X05/wk-form4_1778705051.xml

$STZ
Insider Trading

Constellation Brands Insider Sold Shares Worth $307,830, According to a Recent SEC Filing

Ernesto M Hernandez, Director, on April 27, 2026, sold 2,000 shares in Constellation Brands (STZ) for $307,830. Following the Form 4 filing with the SEC, Hernandez has control over a total of 2,582 Class A common shares of the company, with 2,582 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/16918/000161435726000002/xslF345X05/wk-form4_1777409663.xml

$STZ
Research

TD Cowen Upgrades Constellation Brands to Buy From Hold, Adjusts Price Target to $190 From $142

Constellation Brands (STZ) has an average rating of overweight and mean price target of $175.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$STZ
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.In corporate news, Netflix (NFLX) may outperform its own guidance for the full year as the impact of earlier-than-expected price increases takes hold, UBS Securities said in a note emailed Thursday. Netflix shares were up 2.8%.Brown-Forman (BF.A, BF.B) was approached by Sazerac about a potential transaction amid ongoing talks with French spirits company Pernod Ricard, The Wall Street Journal reported. Brown-Forman Class A and Class B shares jumped 11% and 13% respectively.StubHub (STUB) will pay $10 million to settle US Federal Trade Commission charges that it deceptively advertised ticket prices by failing to disclose mandatory fees upfront, the agency said. StubHub shares fell 2.8%.Constellation Brands (STZ) shares climbed past 8% after the company reported late Wednesday fiscal Q4 non-GAAP net income and revenue that beat analysts' expectations.

$BF.A$BF.B$NFLX$STUB$STZ
US Markets

Stocks Decline Pre-Bell Amid Uncertainty Over US-Iran Truce; Key Inflation Report on Deck

US equity markets were trending lower before the opening bell Thursday as investors assess uncertainty over the recent two-week ceasefire deal between the US and Iran, and await a key inflation report.The S&P 500 and the Dow Jones Industrial Average declined 0.3% each in premarket activity, while the Nasdaq was off 0.2%. The indexes finished Wednesday's trading in the green, recording their highest close in at least four weeks.In a Wednesday post on X, Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, said the US violated three clauses of Tehran's 10-point ceasefire proposal. The violations include Israel's attacks on Lebanon, the entry of a drone into Iranian airspace and the denial of Tehran's right to enrich uranium, according to Ghalibaf."The deep historical distrust we hold toward the (US) stems from its repeated violations of all forms of commitments - a pattern that has regrettably been repeated once again," Ghalibaf said. "In such situation, a bilateral ceasefire or negotiations is unreasonable."In a late Wednesday post on Truth Social, President Donald Trump said US ships, aircraft and military personnel will "remain in and around Iran" until the "real agreement reached is fully complied with.""It was agreed, a long time ago, and despite all of the fake rhetoric to the contrary - no nuclear weapons and, the Strait of Hormuz will be open and safe," according to Trump.On Tuesday, Trump announced that he agreed to suspend attacks on Iran for a period of two weeks, subject to Tehran agreeing to the complete and safe opening of the strait, the world's most important chokepoint for crude flows. Iranian Foreign Minister Seyed Abbas Araghchi had said in a statement that the country will allow "safe passage" through the strait during the two-week ceasefire through coordination with its armed forces and "with due consideration of technical limitations."Delegations from both countries are scheduled to meet in Islamabad, Pakistan on Friday to negotiate a "conclusive agreement to settle all disputes," Pakistani Prime Minister Shehbaz Sharif said Tuesday.West Texas Intermediate crude oil rose 3.5% to $97.70 a barrel before the open, while Brent increased 3.3% to $97.87."The headlines may calm down first, but the real reset depends on what happens in the days ahead," Charu Chanana, chief investment strategist at Saxo Bank, said in a report Wednesday.The delayed personal income and outlays report for February is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Minutes from the Federal Reserve's March meeting showed Wednesday that participants emphasized the need for the central bank to be "nimble" in adjusting monetary policy amid heightened macro risks. Most policymakers were concerned that a prolonged war could soften labor market conditions, possibly warranting policy easing, according to the minutes. However, persistent inflation amid higher oil prices could call for rate increases.Markets widely expect the Fed to keep its benchmark lending rate steady at its next policy meeting later in April, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two-year rate retreating 0.5 basis points to 3.79% and the 10-year rate off 0.4 basis points to 4.29%.Thursday's economic calendar also has the delayed final estimate report for the fourth-quarter gross domestic product at 8:30 am, as well as the weekly jobless claims report.Shares of Constellation Brands (STZ) declined 0.9% pre-bell after the beer and wine company issued a full-year earnings outlook below Wall Street's estimates.Neogen (NEOG), BlackBerry (BB) and Simply Good Foods (SMPL) report their latest financial results before the bell, among others. WD-40 (WDFC) posts its earnings after the markets close.Gold sipped 0.5% to $4,752 per troy ounce, while bitcoin nudged up 0.2% to $71,399.

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