What to Expect From Constellation Brands Q3 Results?
<p><a href='https://financialmodelingprep.com/financial-summary/STZ'>Constellation Brands, Inc. (NYSE:STZ) </a>will report its results for Q3 on Jan 6, 2022. Analysts at RBC Capital provided their outlook on the company ahead of the earnings report, expecting total net sales of $2,292 million (vs. Street’s $2,283 million) and EPS of $2.97 (vs. Street’s $2.91). </p>
<p>The analysts expect strong beer depletions of +7% year-over-year with favorable channel checks intra-quarter and positive STZ commentary. RBC Capital anticipates beer shipments to lag depletions, forecasting +3% year-over-year as the company cycles a strong beer inventory re-build in the prior-year quarter. </p>
<p>The analysts expect the company's shipments to improve going forward as supply chain issues normalize. </p>
<p>The analysts expect the company to reiterate its 2022 guidance, which was raised with Q2 earnings, but they could see the company pointing to the higher end of its beer guidance and EPS ranges considering strong momentum in its beer business.</p>

NYSE:STZ