Constellation Brands (NYSE: STZ) reported earnings on July 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 31 (Q1), Constellation Brands met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share dropped. GAAP earnings per share contracted significantly.

Margins shrank across the board.

Revenue details
 Constellation Brands tallied revenue of $673.0 million. The seven analysts polled by S&P Capital IQ expected revenue of $674.4 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $634.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.38. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. Non-GAAP EPS of $0.38 for Q1 were 5.0% lower than the prior-year quarter's $0.40 per share. GAAP EPS of $0.29 for Q1 were 24% lower than the prior-year quarter's $0.38 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 38.3%, 130 basis points worse than the prior-year quarter. Operating margin was 15.4%, 190 basis points worse than the prior-year quarter. Net margin was 7.9%, 340 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.52 billion. On the bottom line, the average EPS estimate is $0.87.

Next year's average estimate for revenue is $4.91 billion. The average EPS estimate is $2.82.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 331 members out of 368 rating the stock outperform, and 37 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Constellation Brands a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Constellation Brands is outperform, with an average price target of $55.73.

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