What to Expect From Constellation Brands’ Q1 Earnings?
<p>RBC Capital analysts released their outlook on <a href='https://financialmodelingprep.com/financial-summary/STZ'>Constellation Brands, Inc. (NYSE:STZ)</a> ahead of the company’s upcoming Q1 earnings, which are expected to be reported on June 30, 2022.</p>
<p>The analysts estimate total Q1 net sales of $2.17 billion (vs. Street’s $2.16 billion) and EPS (ex-Canopy) of $2.78 (vs. Street’s $2.68).  The analysts estimate solid beer depletions growth of 8% year-over-year (vs Street’s 7.2%), implying 2-year average growth of 9.4%, compared to 8.2% in the prior four quarters.</p>
<p>On beer margins, the analysts expect year-over-year pressure due to commodity/transportation costs and incremental depreciation, but note that the company is well hedged for 2023. </p>
<p>Overall, the analysts expect margin pressure to be more than offset by revenue upside. They maintain their outperform rating and $300 price target on the company’s shares.</p>

NYSE:STZ