Stock Track | Constellation Brands Soars 5.13% Intraday After Beating Q3 Profit and Revenue Estimates
Stock Track
Jan 08
Constellation Brands (STZ) surged 5.13% during Thursday's intraday trading session, marking a strong rebound for the beverage giant. The stock's rally followed a challenging period in 2025, where it had declined significantly amid slowing alcohol demand.
The surge was driven by the company's better-than-expected fiscal Q3 results, with adjusted earnings of $3.06 per share surpassing estimates of $2.63. Revenue also exceeded expectations, fueled by steady demand for its Modelo Especial and Corona beer brands. Analysts noted improving trends in beer depletions and maintained a bullish outlook, with Wells Fargo raising its price target to $165. The strong performance has reignited investor confidence in the stock.
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