Constellation Brands (STZ - Get Report) is expected to report net income of $404 million, or $2.05 a share, on sales of $2.1 billion before the market opens Friday, based on a FactSet survey of 21 analysts.

In the same period a year ago, the company posted earnings of $2.20 a share on sales of $2 billion. It reported net income of $910.5 million.

The stock has fallen 3.4% since the company last reported earnings on Apr. 4.

Quarterly estimates have fallen 7.1 cents a share in the past month.

Constellation Brands is currently trading at a price-to-forward-earnings ratio of 20.9 based on the 12-month estimates of 23 analysts surveyed by FactSet.

In the upcoming quarter analysts are forecasting net income of $525.2 million, or $2.73 a share, on sales of $2.3 billion.

Save 57% with our July 4th Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Click here to sign up!

Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here