Constellation Brands Q2 2027 earnings miss full‑year guidance, stock falls and analysts cut targets
Constellation Brands reported its fiscal second‑quarter 2027 results, posting adjusted earnings of $3.74 per share on net sales of $2.63 billion, both beating estimates. The company reaffirmed full‑year EPS guidance of $11.20‑$11.90 but missed market expectations, sending the shares down about 5% in pre‑market trading. Analysts responded with downgrades and lower price targets, while the company announced the acquisition of ready‑to‑drink brand SpikedAde for up to $353 million.
Why it matters
HSBC’s downgrade to Hold and its price‑target cut to $135 suggest reduced near‑term upside for investors. Citi, however, kept a Buy rating and a $165 target, indicating some analysts still see upside. The stock decline and lower targets may pressure the share price in the short term.
Key facts
- 1Adjusted earnings per share for Q2 2027 were $3.74. finance.yahoo.com
- 2Net sales for Q2 2027 were $2.63 billion. finance.yahoo.com
- 3Beer sales in the quarter were $2.47 billion, up 5%. finance.yahoo.com
- 4Full‑year adjusted EPS guidance was reaffirmed at $11.20‑$11.90. finance.yahoo.com
- 5Constellation Brands acquired SpikedAde for up to $353 million. investing.com
- 6HSBC downgraded the stock to Hold and cut its price target to $135 from $192. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.