After-hours activity has Constellation Brands, Inc. (NYSE: STZ) trading higher 3.39 percent after reporting Q1 earnings beat.
The company reported its first-quarter earnings per share (EPS) of $3.43, exceeding analyst estimates by $0.22 or 6.9 percent.
The revenue for the quarter was $2.43 billion, surpassing expectations by $40 million or 1.7 percent.
Despite the positive EPS growth of 6.5 percent year-over-year, revenue saw a decline of 3.6 percent.
For the fiscal year 2027, Constellation Brands anticipates EPS to range between $11.20 and $11.90, with analyst estimates pegged at $11.75.
The stock was indicated around $143.85 in after-hours trading, compared with the regular close of $139.13 after shares changed hands between $135.73 and $140.16 on volume of 3.08 million shares.
