What move does the options market price into Constellation Brands's report?

Implied ±3.2%, either direction.

How often does Constellation Brands move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

STZNYSEBeverages

Constellation Brands, Inc. (STZ) earnings date, market-implied expected move, and options open interest by expiry

142.08

−2.48 · −1.71%

post 142.08 0.00%

After hours16:00 ETdelayed

Open142.38Volume2.2MMkt cap$24.5BP/E12.70EPS11.19Div yield2.84%

Day140.47 – 142.8368%52-wk109.73 – 164.8659%

STZ

Constellation Brands, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.2%implied · report alone

8Q avg ±5.1%·×0.63·cheap

137.39146.55

straddle ±9.4%

spot 141.97exp Jan 15ATM strike 140ATM straddle 15.75IV 32%

Nov 6 closereport share · term structure

Expected move

Inputs

Next report

Jan 6

after close · in 61 days

est.Q3 FY27

Calendar

Next report

Last report

+2.35%

vs ±3.4% implied · ×0.70

shaded = implied · ▲▼ = realized

Oct 6 '26 · confirmed

Implied vs realized

Linked news

3dSCOR · supplierComscore posts Q3 revenue $76.2 million, net loss $65.5 million, reaffirms 2026 outlook
9dOI · supplierO-I Glass posts Q3 net loss $ (13) million; nine-month net loss $ (1,058) million

News

Largest filed tie

13F top-10 QoQ

−5.75%

shares held · 10 largest managers

13F · Jun 30 '26130d lag

1,034 managers

Top fund weight

1.26%

STZ weight · XLP

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Constellation Brands (STZ) is expected to report on Jan 6 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±4.7%
avg realized: ±5.1%

Jan 10 '25Jan 10 '25confirmed±3.1%▼−17.09%×5.55

Apr 9 '25Apr 9 '25confirmed±7.1%▲+0.74%×0.10

Jul 1 '25Jul 1 '25confirmed±4.4%▲+4.48%×1.01

Oct 6 '25Oct 6 '25confirmed±5.1%▲+1.03%×0.20

Q3 FY26Jan 7 '26confirmed±4.7%▲+5.32%×1.13

Apr 8 '26Apr 8 '26confirmed±4.3%▲+8.53%×1.99

Q1 FY27Jun 30 '26confirmed±5.4%▼−1.59%×0.30

Q2 FY27Oct 6 '26confirmed±3.4%▲+2.35%×0.70

quarterimplied−20%0+20%realized×

Q2 FY27±3.4%▲+2.35%×0.70

Q1 FY27±5.4%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Nov 5 close

0.44OI · 10 expiries · Nov 5 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5 nearer expiries

392+13%Nov 137d0.57690+32%0.57

4,730+10%Nov 2014d0.954,995+2%0.95

148+2%Nov 2721d0.46325+40%0.46

1—Dec 428d0.502—0.50

24+167%Dec 1135d0.16153+993%0.16

6,603−4%Dec 1842d1.086,141+8%1.08

0—Dec 2448d—0—

ExpiryPutsCallsP/C

5 nearer expiries

Nov 137d392+13%690+32%0.57

Nov 2014d4,730+10%4,995+2%0.95

Nov 2721d148+2%325

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±9.4%

Funds 4

XLP±0.1%

RSP±0.0%

VIG±0.0%

VTV±0.0%

Suppliers 1

OI±4.1%×0.44

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

22.12%as filednet margin · revenue +8.23% QoQ · +6.13% YoY

Revenue

$2.6B+8.23% QoQ

Gross profit

$1.4B+5.48% QoQ

52.91% margin

Operating income

$805M−4.77% QoQ

30.57% margin

Pre-tax income

$729M−4.03% QoQ

Net income

$582M−13.34% QoQ

22.12% margin

Cost of revenue

$1.4B+12.12% QoQ

Operating expenses

$588M+23.71% QoQ

SG&A $538M

Other operating $50M

Other expense

$76M

Tax

$147M+66.97% QoQ

Revenue$2.6B+8.23%

Gross profit

$1.4B+5.48%

52.91% margin

Operating income

$805M−4.77%

30.57% margin

Pre-tax income

$729M−4.03%

Net income

$582M−13.34%

22.12% margin

Cost of revenue

$1.4B+12.12%

Operating expenses

$588M+23.71%

SG&A $538M

Other operating $50M

Other expense

$76M

Tax$147M+66.97%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 6 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

CPI ×1.37· ±1.7% vs ±1.2% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.7%5 of 11×1.37

Constellation Brands, Inc. (STZ) earnings date, market-implied expected move, and options open interest by expiry

Implied vs realized

Implied vs realized

Positioning

Positioning

Linked exposure

Linked exposure

Revenue flow

Revenue flow

Intraday

Intraday

Event sensitivity

Constellation Brands, Inc. (STZ) earnings date, market-implied expected move, and options open interest by expiry

Revenue flow

Implied vs realized

Positioning

Event sensitivity

Earnings history

Methodology

Intraday

Linked exposure

Quarter	Reported	EPS	Consensus
Q2 FY27	Oct 6 '26 · confirmed	3.32	—
Q1 FY27	Jun 30 '26 · confirmed	3.79	—
Q3 FY26	Jan 7 '26 · confirmed	2.88	—