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.
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