Constellation Brands, Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Constellation Brands, Inc. (NYSE:STZ) will unveil its latest earnings on Thursday, April 5, 2012. Constellation Brands is a wine company with operations in the United States, Canada, the United Kingdom, Australia and New Zealand.

Constellation Brands, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 38 cents per share, a rise of 8.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 37 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. Analysts are projecting profit to rise by 7.3% versus last year to $2.05.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of 52 cents per share versus a mean estimate of net income of 52 cents per share. In the second quarter, the company beat estimates by 11 cents.

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Wall St. Revenue Expectations: On average, analysts predict $626.7 million in revenue this quarter, a decline of 12.4% from the year-ago quarter. Analysts are forecasting total revenue of $2.65 billion for the year, a decline of 20.4% from last year’s revenue of $3.33 billion.

Key Stats:

The company is looking to stem the tide of some negative results on the top line recently. Revenue fell 19.3% in the first quarter and 20% in the second quarter before falling again in the third quarter.

Analyst Ratings: With four analysts rate analysts rating the stock a buy, none rate rating it as a sell, and four rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the third quarter, profit fell 24.8% to $104.8 million (52 cents a share) from $139.3 million (65 cents a share) the year earlier, meeting analyst expectations. Revenue fell 27.5% to $700.7 million from $966.4 million.

Stock Price Performance: Between January 4, 2012 and March 30, 2012, the stock price rose $3.15 (15.4%), from $20.44 to $23.59. The stock price saw one of its best stretches over the last year between April 11, 2011 and April 19, 2011, when shares rose for seven straight days, increasing 5% (+$1.08) over that span. It saw one of its worst periods between July 21, 2011 and August 4, 2011 when shares fell for 11 straight days, dropping 15.5% (-$3.33) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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