Shares of Constellation Brands (STZ) are soaring 5.04% in Wednesday's intraday trading, despite the company reporting first-quarter results that fell short of analysts' expectations. The stock's resilience highlights investors' focus on the company's maintained full-year outlook and potential for recovery.

Constellation Brands, known for its Corona and Modelo beer brands, posted first-quarter revenue of $2.52 billion, down 6% year-over-year and below analyst estimates. Adjusted earnings per share came in at $3.22, also missing consensus projections. The company cited "softer consumer demand largely driven by what we believe to be non-structural socioeconomic factors," according to CEO Bill Newlands.

Despite these headwinds, Constellation maintained its full-year earnings forecast of $12.60 to $12.90 per share. This show of confidence appears to be resonating with investors, who may view the current challenges as temporary. Additionally, some analysts remain optimistic about the company's prospects. Roth analysts noted that Constellation gained more shelf space during the 2025 resets compared to the previous year, which "bodes well for summer" if consumer sentiment improves.

The stock's strong performance today suggests that market participants are looking beyond the near-term obstacles and focusing on Constellation's longer-term potential. As the company navigates through what it believes are temporary headwinds, investors seem willing to bet on its ability to recover and capitalize on its strong market position in the alcoholic beverage industry.