Constellation Brands, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Constellation Brands, Inc. (NYSE:STZ) will unveil its latest earnings on Thursday, June 30, 2011. Constellation Brands Inc. is a wine company with operations in the U.S., Canada, the United Kingdom, Australia and New Zealand.

Constellation Brands, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 38 cents per share, no change from the same quarter a year ago. Estimates range from profit of 36 cents per share to net income of 44 cents per share. The consensus estimate is the same as three months ago. Over the past month, the consensus estimate has moved down from 39 cents. For the year, analysts are projecting profit of $1.98 per share, a rise of 3.7% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of 35 cents per share against a mean estimate of profit of 26 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $648.5 million in revenue this quarter, a decline of 17.7% from the year ago quarter. Analysts are forecasting total revenue of $2.78 billion for the year, from last year’s revenue of $3.33 billion.

Analyst Ratings: Analysts seem relatively indifferent about Constellation Brands with five of eight analysts surveyed maintaining a hold rating. While the average rating for the stock remains a hold, the strength of the rating has dwindled over the past three months.

Key Stats:

A year-over-year revenue increase last quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 0.9% in the fourth quarter of the last fiscal year and fell 2.2% in the third quarter of the last fiscal year, 1.6% in the second quarter of the last fiscal year and 0.5% in the first quarter of the last fiscal year.

Competitors to Watch: Castle Brands Inc. (AMEX:ROX), Diageo plc (NYSE:DEO), Willamette Valley Vineyards, Inc. (NASDAQ:WVVI), Molson Coors Brewing Co. (NYSE:TAP), Craft Brewers Alliance, Inc. (NASDAQ:HOOK), Compania Cervecerias Unidas S.A. (NYSE:CCU), Fortune Brands, Inc. (NYSE:FO), Anheuser-Busch InBev (NYSE:BUD), Boston Beer Company (NYSE:SAM) and Companhia de Bebidas das Americas (NYSE:ABV),

Stock Price Performance: Over the past three months, the stock price has risen $1.76 (9.1%) from $19.30 on March 29, 2011 to $21.06 on June 23, 2011. The stock price saw one of its best stretches over the last year between September 9, 2010 and September 20, 2010 when shares rose for eight-straight days, rising 7% (+$1.19) over that span. It saw one of its worst periods between May 18, 2011 and May 24, 2011 when shares fell for five-straight days, falling 4.4% (-99 cents) over that span. Shares are down $1.09 (-4.9%) year to date.

(Source: Xignite Financials)

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