In the latest trading session, Constellation Brands (STZ) closed at $165.73, marking a -0.75% move from the previous day. This move lagged the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.

Heading into today, shares of the wine, liquor and beer company had gained 0.84% over the past month, lagging the Consumer Staples sector's gain of 4.95% and the S&P 500's gain of 4.48% in that time.

Wall Street will be looking for positivity from STZ as it approaches its next earnings report date. The company is expected to report EPS of $1.77, down 6.84% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, down 2.08% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $9.20 per share and revenue of $8.05 billion, which would represent changes of +5.5% and +6.08%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for STZ. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. STZ is currently sporting a Zacks Rank of #4 (Sell).

In terms of valuation, STZ is currently trading at a Forward P/E ratio of 18.14. This represents a discount compared to its industry's average Forward P/E of 23.64.

We can also see that STZ currently has a PEG ratio of 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STZ's industry had an average PEG ratio of 3.17 as of yesterday's close.

The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow STZ in the coming trading sessions, be sure to utilize Zacks.com.

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