Constellation Brands Inc. STZ, a leading international producer and marketer of beverage alcohol brands, released third-quarter fiscal 2018 results, wherein adjusted earnings of $2.00 per share surpassed the Zacks Consensus Estimate of $1.87. Moreover, the bottom line rose 2% from the year-ago quarter.Backed by solid growth at its beer business, Constellation Brands raised its fiscal 2018 adjusted earnings forecast to $8.40-$8.50 per share from the previous guidance of $8.25-$8.40. Also, the company raised its GAAP earnings estimate to $8.50-$8.60 per share, compared with $7.90-$8.05 anticipated earlier. Constellation Brands Inc Price, Consensus and EPS Surprise Constellation Brands Inc Price, Consensus and EPS Surprise | Constellation Brands Inc QuoteEarnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has remained stable in the last 30 days. However, Constellation Brands’ performance in the trailing four quarters (excluding the quarter under review) gives a positive picture. The company has outperformed the Zacks Consensus Estimate by an average of 13.6% in the trailing four quarters.Revenues: Constellation Brands generated net sales of $1,799.1 million that dipped 0.6% year over year and also came below the Zacks Consensus Estimate of $1,863 million.The company reiterated its sales targets for fiscal 2018. It continues to anticipate beer business sales to grow 9-11% in fiscal 2018, while sales for the wine and spirits business is expected to decline 4-6%. These estimates include the expected impact from the divestiture of the Canadian wine business and the benefits from High West, Charles Smith and Prisoner acquisitions.Zacks Rank: Currently, Constellation Brands carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. You can see the the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stock Movement: Constellation Brands’ shares are down 2.2% in the pre-market trading hours.Check back later for our full write up on Constellation Brands’ earnings report!Zacks Editor-in-Chief Goes "All In" on This StockFull disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.Download it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Brands Inc (STZ): Free Stock Analysis Report To read this article on Zacks.com click here.