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

• Brown-Forman Corp BFb.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 35 cents to 41 cents per share.

• Revenue fell 2.8% to $924.00 million from a year ago; analysts expected $909.24 million.

• Brown-Forman Corp's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $175 million.

• Brown-Forman Corp shares had risen by 13.2% this quarter and lost 19.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.9% in the last three months.​

• In the last 30 days, four 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," 14 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the distillers & wineries peer group is "buy."

• Wall Street's median 12-month price target for Brown-Forman Corp is $30.50, about 0.2% above its last closing price of $30.45

This summary was machine generated from LSEG data August 28 at 01:00 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)