NEW YORK (TheStreet) -- Constellation Brands (STZ - Get Report) stock closed up 2.99% to $157.68 on heavy trading volume Tuesday ahead of the distiller's fiscal 2017 first quarter financial report, due out before the opening bell on Thursday.

The Victor, NY-based maker of Corona Extra beer, Robert Mondavi wine and SVEDKA Vodka is expected to deliver a year-over-year increase in earnings per share and revenue.

Analysts surveyed by Thomson Reuters have estimated earnings of $1.52 per share on revenue of $1.83 billion for the quarter ended May 31.

Last year, Constellation Brands posted earnings of $1.26 per share on revenue of $1.63 billion for the fiscal 2016 first quarter.

Organic sales are expected to be up 8% to 9% for the quarter with the company gaining a significant market share during the three-month period, RBC Capital analysts said in a recent note.

By the end of the trading day, 2.2 million shares of Constellation Brands had been traded, compared with its average daily volume of 1.5 million shares.

Separately, Constellation Brands has a "buy" rating and a letter grade of A at TheStreet Ratings because of the company's revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins.

You can view the full analysis from the report here: STZ

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.