Constellation Brands Inc (STZ) Releases Q3 2026 Earnings: Revenue Beat and Operating Profit Up, EPS Slightly Misses

Constellation Brands Inc (STZ) — Q3 2026 Highlights

Constellation Brands reported modest revenue growth alongside stronger operating performance, but net income and diluted earnings per share declined year over year. The company beat top-line expectations while improving cash generation and reducing liabilities.

$2.48 billion total revenue (+0.7% year‑over‑year), versus an estimated $2.19 billion.

$1.31 billion gross profit (+2.0% year‑over‑year).

$874 million operating profit (+10.2% year‑over‑year), reflecting margin improvement at the operating level.

$466 million net income attributable to common shareholders (-24.3% year‑over‑year).

Diluted earnings per share of 2.65 (down 21.8% year‑over‑year), slightly below the consensus estimate of 2.6685.

Cash flow and balance sheet

Cash generation strengthened and the balance sheet showed improvement, giving the company more flexibility despite lower net income.

$852.1 million cash from operating activities (+24.4% year‑over‑year).

Capital expenditures of $217.3 million (down 4.9% year‑over‑year).

$152.4 million in cash and cash equivalents (+106.8% year‑over‑year).

$13.68 billion total liabilities (down 7.1% year‑over‑year).

The combination of a revenue beat and rising operating profit suggests underlying business resilience, while the decline in net income and EPS indicates non‑operating factors or tax/interest impacts weighed on the bottom line. Improved operating cash flow and a stronger cash position, along with lower liabilities, provide financial flexibility moving forward.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Constellation Brands Inc Insider Trading Activity

Constellation Brands Inc insiders have traded $STZ stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $STZ stock by insiders over the last 6 months:

JAMES O. BOURDEAU (EVP & Chief Legal Officer) sold 821 shares for an estimated $138,749

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Constellation Brands Inc Hedge Fund Activity

We have seen 415 institutional investors add shares of Constellation Brands Inc stock to their portfolio, and 659 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 5,103,810 shares (-43.3%) from their portfolio in Q3 2025, for an estimated $687,330,092
FMR LLC removed 1,498,154 shares (-26.8%) from their portfolio in Q3 2025, for an estimated $201,756,399
AMERIPRISE FINANCIAL INC added 1,356,903 shares (+76.7%) to their portfolio in Q3 2025, for an estimated $182,734,127
MARSHALL WACE, LLP added 965,745 shares (+1511.2%) to their portfolio in Q3 2025, for an estimated $130,056,879
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 738,664 shares (+63.5%) to their portfolio in Q3 2025, for an estimated $99,475,880
CLEARBRIDGE INVESTMENTS, LLC removed 723,795 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $97,473,472
JANUS HENDERSON GROUP PLC removed 683,440 shares (-52.2%) from their portfolio in Q3 2025, for an estimated $92,038,864

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Constellation Brands Inc Congressional Stock Trading

Members of Congress have traded $STZ stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $STZ stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 11/18.
REPRESENTATIVE LISA C. MCCLAIN sold up to $15,000 on 09/11.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Constellation Brands Inc Analyst Ratings

Wall Street analysts have issued reports on $STZ in the last several months. We have seen 5 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 10/08/2025
Goldman Sachs issued a "Buy" rating on 10/02/2025
Wells Fargo issued a "Overweight" rating on 09/25/2025
Bernstein issued a "Outperform" rating on 09/04/2025
B of A Securities issued a "Underperform" rating on 09/03/2025
Roth Capital issued a "Buy" rating on 09/03/2025

To track analyst ratings and price targets for Constellation Brands Inc, check out Quiver Quantitative's $STZ forecast page.

Constellation Brands Inc Price Targets

Multiple analysts have issued price targets for $STZ recently. We have seen 16 analysts offer price targets for $STZ in the last 6 months, with a median target of $159.0.

Here are some recent targets:

Gerald Pascarelli from Needham set a target price of $180.0 on 01/06/2026
Chris Carey from Wells Fargo set a target price of $160.0 on 01/05/2026
Kaumil Gajrawala from Jefferies set a target price of $154.0 on 12/17/2025
Michael Lavery from Piper Sandler set a target price of $135.0 on 11/21/2025
Lauren Lieberman from Barclays set a target price of $147.0 on 10/09/2025
Andrea Teixeira from JP Morgan set a target price of $153.0 on 10/08/2025
Dara Mohsenian from Morgan Stanley set a target price of $160.0 on 10/07/2025