Here are the earnings estimates, what experts are saying ahead of the report, and the key items to watch.Constellation Brands Q1 Earnings EstimatesAnalysts expect Constellation Brands to report first-quarter revenue of $2.4 billion, down from $2.52 billion in last year’s first quarter, according to data from Benzinga Pro.The company has beaten analyst estimates for revenue in three straight quarters and in six of the last 10 quarters overall.Analysts expect Constellation Brands to report earnings per share of $3.22 for the first quarter, in line with last year’s $3.22 reported.The company has beaten analyst estimates for earnings per share in three straight quarters and in eight of the last 10 quarters overall.What Experts Are SayingFreedom Capital Markets Chief Market Strategist Jay Woods says Constellation shares are down over the last year, even with the company’s Modelo brand becoming the top selling beer brand in the United States."That has been a major growth driver, but a key question is whether that momentum continues or does consumer weakness when it comes to beer drinking overall hit the bottom line," Woods said in a weekly newsletter.Woods said that the 2026 World Cup could help.Constellation stock has traded higher after the last five earnings reports, according to Woods. The market expert said those rallies failed to continue.Woods said a rally to the $160 level could encounter resistance."Look to fade shares if it rallies."If shares fall to the uptrend level at $137, Woods says the $125 level looks like a potential entry point for investors."There’s no favorable advantage going into the numbers, so we need to wait for price confirmation from this consolidation phase before one can act with confidence.Here are recent analyst ratings on Constellation Brands stock and their price targets: