Constellation Brands (NYSE:STZ) Faces Headwinds Ahead of Earnings Report

• Jefferies lowered its price target for Constellation Brands to $157, suggesting a potential upside of 9.51% from the stock's trading price of $143.37 at the time.
• Constellation Brands has underperformed the broader consumer staples sector, falling 11.4% in recent months due to weaker demand for its beer products.
• Analysts present a mixed outlook for the upcoming earnings report; while Zacks Investment Research anticipates a year-over-year increase in earnings with a consensus EPS of $3.28, UBS is more cautious, forecasting a 1% decline in beer depletions and lowering its EPS estimate to $3.12.

Constellation Brands (NYSE:STZ) is a leading international producer of beer, wine, and spirits. On June 23, 2026, an analyst from Jefferies lowered their price target for Constellation Brands to $157. When this was announced, the stock was trading at $143.37, suggesting a potential upside of approximately 9.51% from that price.

This price target adjustment comes as the company faces challenges. As highlighted by Proactive Investors, Constellation Brands is experiencing weaker demand for its beer products. The stock has underperformed, falling 11.4% in recent months while the broader consumer staples sector saw a 3.6% gain in the same period.

All eyes are on the company's upcoming earnings report on June 30. An analysis from Zacks Investment Research suggests a year-over-year increase in earnings is possible, despite lower revenue projections. The consensus estimate, or average analyst forecast, for quarterly earnings is $3.28 per share.

However, some analysts are more cautious. UBS lowered its earnings per share (EPS) estimate to $3.12, citing a sharp reversal in sales trends. EPS represents a company's profit divided by its outstanding shares. UBS forecasts a 1% decline in beer depletions, which are sales made to distributors.

Despite these near-term issues, UBS expects Constellation Brands to maintain its full-year guidance. The company projects an EPS between $11.20 and $11.90 for the full year. Constellation Brands shares currently trade around $143.38, giving the company a market capitalization of approximately $24.59 billion.