Constellation Brands Reports Q3 Revenue $2.22B, Sees Q4 EPS at $1.73, Down 34%
Constellation Brands has beaten estimates by an average 11.38% over the past two quarters and reported Q3 revenue of $2.22 billion, net income of $502.8 million and EBITDA of $817.9 million. It projects Q4 EPS of $1.73, down 34% year-over-year, and retains an Outperform rating with a $170 price target.
1. Q3 FY2026 Earnings Beat
In Q3 FY2026 the company delivered revenue of $2.22 billion, net income of $502.8 million and EBITDA of $817.9 million, exceeding consensus EPS by 15.04% and marking an average earnings surprise of 11.38% over two quarters.
2. Q4 FY2026 Outlook
For Q4 FY2026 the company forecasts EPS of $1.73, a 34% year-over-year decline, driven by weaker organic growth and reduced beer shipments, with analysts expecting revenue near $1.85 billion.
3. Analyst Rating and Stock Performance
Evercore has assigned a Tactical Outperform rating with a $170 price target, while shares trade around $151, reflecting a 7% year-to-date gain and an 18.2% decline over the past year.