Goldman Sachs Comments On 1QFY12 Results For Constellation Brands

According to Goldman Sachs, Constellation Brands STZ reports its 1QFY12 EPS on Thursday June 30. Goldman Sachs said that it expects a relatively soft quarter as its EPS estimate of 35c is below consensus of 38c and down 10% versus a year ago. “We lower our 1QFY12 EPS by 2c to 35c to reflect a higher tax rate. There is no change however to our FY12 EPS estimate of $2.03 as the full year tax rate remains at 29%.” Constellation Brands closed yesterday at $20.82.