Brown-Forman Corp reports results for the quarter ended April 30 - Earnings Summary

• Brown-Forman Corp BF.A reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 29 cents to 39 cents per share.

• Revenue fell 7.3% to $894.00 million from a year ago; analysts expected $967.39 million.

• Brown-Forman Corp's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $146 million.

• Brown-Forman Corp shares had fallen by 2.2% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 11 "hold" and 5 "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 $38.00

This summary was machine generated from LSEG data June 5 at 01:36 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)