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Constellation Brands Inc. (STZ) Has Dropped To A New Low On Full Year Forecast

Constellation Brands Inc. (STZ) reported third quarter adjusted EPS of $2.37 Wednesday morning, which topped the consensus estimate of $2.06. The company expects to report full year EPS of $9.20 to $9.30. The consensus estimate is for EPS of $9.43.

Constellation Brands gapped open sharply lower Thursday morning and is now down 17.37 at $154.97 on above average volume. The stock has dropped to a new low for the year.

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