Constellation Brands (STZ) Tops Q3 EPS by 31c, Offers Guidance

Constellation Brands (NYSE: STZ) reported Q3 EPS of $2.37, $0.31 better than the analyst estimate of $2.06. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.91 billion.

GUIDANCE:

Constellation Brands sees FY2019 EPS of $9.20-$9.30, may not compare to consensus of $9.43.

• Updates fiscal 2019 reported basis EPS outlook to $12.95 $13.05 and comparable basis EPS outlook to $9.20 - $9.30; guidance includes additional interest expense for Canopy financing, excludes fourth quarter Canopy equity earnings

For earnings history and earnings-related data on Constellation Brands (STZ) click here.

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