Constellation Brands is expected to report a consensus revenue of $1.88 billion and EPS of $1.74, while the stock currently trades at $151.20, significantly below the $178.39 average analyst price target.

Investors are laser-focused on beer depletion growth, which measures consumer demand for core brands like Modelo Especial and Pacifico.

While the beer segment showed promising acceleration through February, the Wine and Spirits division remains under pressure with a projected 57% revenue decline following significant portfolio divestitures. Management's updated fiscal 2027 guidance will be the primary catalyst for the stock's post-earnings reaction as shareholders evaluate the company's long-term premiumization strategy.