RBC Capital analysts provided their outlook on Constellation Brands (NYSE:STZ) ahead of the company’s upcoming Q1/24 earnings, scheduled to be released on Friday. The analysts expect Q1 net sales of $2.471 billion and EPS of $2.92, essentially in line with the Street estimates.

According to the analysts, the company’s shares have outperformed, reflecting improved fundamentals and an acceleration in tracked channel volumes. Overall, the analysts expect strong print and model beer depletions of 6% year-over-year (vs. Street estimate of 5.6%), and they believe the company will clear the consensus bar.