"Evercore ISI sees top-line upside as the primary lever, with the expectation that stronger revenue will translate into meaningful earnings leverage. Constellation has beaten earnings estimates in three of the last four quarters, with surprise magnitudes ranging from gains of 7% to 16%."
"Constellation's core earnings engine is its imported Mexican beer portfolio, anchored by Modelo Especial, the #1 beer by dollar sales in U.S. tracked channels. In Q3 FY2026, the Beer segment posted net sales of $2.01 billion with an operating margin of 38%."
"The company has divested mainstream wine and spirits assets to sharpen its focus on premium segments, with the Wine & Spirits segment now a minor contributor. Full-year FY2026 comparable EPS guidance stands at $11.30 to $11.60."
Evercore ISI added Constellation Brands to its Tactical Outperform list ahead of the April 8 earnings release, citing expected revenue growth that could enhance earnings. The stock is currently trading around $151.17, showing a year-to-date increase of over 7%, despite an 18.20% loss over the past year. Constellation's beer segment, particularly Modelo Especial, drives its earnings, with Q3 FY2026 showing strong performance. The company has shifted focus to premium segments, with full-year EPS guidance between $11.30 and $11.60.
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