Brown-Forman Corp reports results for the quarter ended January 31 - Earnings Summary

• Brown-Forman Corp BFb.N reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 43 cents to 59 cents per share.

• Revenue fell 3.2% to $1.04 billion from a year ago; analysts expected $1.07 billion.

• Brown-Forman Corp's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $270 million.

• Brown-Forman Corp shares had fallen by 13.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 12 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the distillers & wineries peer group is also "hold"

Wall Street's median 12-month price target for Brown-Forman Corp is $44.00

This summary was machine generated from LSEG data March 5 at 07:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)