7/102 sources · 2 publishersUpdated Oct 9, 01:00 UTC
Constellation Brands reaffirms FY2027 adjusted EPS guidance and announces SpikedAde acquisition
Constellation Brands confirmed its fiscal 2027 adjusted earnings per share outlook at $11.20 to $11.90, matching its prior range. The company also disclosed the purchase of the beverage brand SpikedAde. The guidance sits below FactSet’s consensus estimate of $11.71. Shares rose about 2% in after‑hours trading.
Why it matters
The company’s guidance, lower than the consensus, may temper investor expectations for earnings growth. The acquisition adds a new product line that could diversify revenue streams, according to the company’s announcement.
Key facts
- 1Constellation Brands set a fiscal 2027 adjusted EPS range of $11.20 to $11.90. marketscreener.com
- 2FactSet’s estimate for fiscal 2027 adjusted EPS is $11.71. marketscreener.com
- 3Constellation Brands announced it has bought SpikedAde. marketscreener.com
- 4STZ shares rose 2.08% in after‑hours trading. marketscreener.com
- 5Constellation Brands has a market value of $47.02 billion. gurufocus.com
- 6Trailing 12‑month revenue is $9.82 billion. gurufocus.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.