11:43 AM EDT, 04/05/2024 (MT Newswires) -- Constellation Brands ( STZ ) is likely to post relatively in-line fiscal Q4 results and guide fiscal 2025 broadly consistent with its mid-term outlook for beer, Wedbush Securities said Friday.

The beer and wine company is scheduled to report fiscal Q4 results Thursday. Wedbush projects adjusted earnings at $2.13 per share, excluding Canadian cannabis producer Canopy Growth ( CGC ) , and enterprise-level revenue growth of 5%. The market consensus is for $2.09 and 4.9%, respectively, according to the brokerage.

"Given wine challenges, [Constellation Brands ( STZ )] is likely looking at another year of revenue declines, though this is well-understood and should in no way come as a surprise assuming the company guides below algorithm," Wedbush analysts Gerald Pascarelli and Antoine Legault said in a note.

The firm reiterated its outperform rating and $300 price target on the Constellation Brands ( STZ ) stock.

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