NEW YORK (TheStreet) --  Alcoholic beverage giant Constellation Brands (STZ) - Get Report will post its first quarter results before the open Wednesday, and TheStreet's Jim Cramer is looking forward to seeing what it has on tap. Cramer says Constellation has come on strong, pointing out that its Modelo and Corona brands are the fastest-growing beers in the United States. Cramer predicts it's going to be another great quarter for Constellation Brands, and advises investors to buy half ahead of earnings and another half after they report. 

Analysts surveyed by Thomson Reuters are expecting the company to post net income of $1.23 per share, compared to the $1.09 it reported a year ago. Revenue forecast is for $1.62 billion, up from $1.53 a year earlier. Revenue from the company's beer portfolio has risen 11% year-over-year to $661 million. The brands in that portfolio include Modelo Especial, Negra Modelo, Corona Light and Corona Extra. Constellation has also seen higher than expected consumer demand.

Investors will want to know what the company is doing to grow revenue in its wine and spirits segment, a section of its portfolio that has been under pressure. The international spirits maker is known for popular brands such as Robert Mondavi wines and Svedka Vodka, and its premium whiskey brand, Black Velvet, stands to benefit from a rise in whiskey sales in the U.S.

Last week, Susquehanna raised its price target on the stock to $115 from $110, and currently has a neutral rating on the stock. Constellation Brands has an average analyst rating of buy with an average price target of about $117. The stock has a 1-year low of $80.70 and a 52-week high of $122. Shares of Constellation Brands are up nearly 19 percent year-to-date. The company has operations in the U.S., Canada, Mexico, New Zealand and Italy.

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At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.