Constellation Brands Beats Q3 Revenue Forecast, Stock Surges 15% Above 200-Day Average
Constellation Brands reported fiscal Q3 2026 revenue declined nearly 10% year-over-year but beat expectations with stronger-than-expected beer operating margins limiting losses. Since its Jan. 8 earnings release the stock has gained over 15% and broken above its 200-day moving average, trading at about 12 times forward earnings.
1. Fiscal Q3 2026 Results
Constellation Brands reported revenue of $X billion in fiscal Q3 2026, down nearly 10% year-over-year, but topped consensus estimates as beer operating margins held up better-than-expected, helping offset sales declines.
2. Stock Performance and Technical Breakout
Following the Jan. 8 earnings report, the stock rallied over 15%, breaking above its 200-day simple moving average and signaling a bullish reversal after an extended downtrend.
3. Valuation and Outlook
Trading at roughly 12 times forward earnings and 2.6 times sales, Constellation Brands offers a compelling valuation, with steady beer operations and dividend support underpinning its medium-term outlook.