Brown-Forman (BF.B) Announces Quarterly Results, Misses Estimates By $0.02 EPS
Wednesday, August 31, 2021 9:35 AM



Brown-Forman (BF.B) announced its quarterly results on Wednesday. The company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.02. The company’s quarterly revenue was up 12.8% on a year-over-year basis.

On a related note, analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of Brown-Forman in a research note on Tuesday. They now have a "neutral" rating and a $72.00 price target on the stock. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) reiterated a "neutral" rating on shares of Brown-Forman in a research note to investors on Friday, June 10th.

Brown-Forman Corporation manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands. Its principal beverage brands include Jack Daniel’s Tennessee Whiskey, Early Times Kentucky Whisky, Jack Daniel’s Single Barrel, El Jimador Tequila, Jack Daniel’s Ready-to-Drinks, Fetzer Wines, Gentleman Jack, Five Rivers Wines, Southern Comfort, Herradura Tequila, Southern Comfort Ready-to-Drinks, Jekel Vineyards Wines, Southern Comfort Ready-to-Pours, Korbel California Champagnes, Finlandia Vodka, Little Black Dress Wines, Antiguo Tequila, New Mix Ready-to-Drinks, Bel Arbor Wines, Old Forester Bourbon, Bonterra Vineyards Wines, Pepe Lopez Tequilas, Canadian Mist Blended Canadian Whisky, Sanctuary Wines, Chambord Liqueur, Sonoma-Cutrer Wines, Don Eduardo Tequila, Tuaca Liqueur, Early Times Bourbon and Woodford Reserve Bourbon. The Company’s principal brand in its portfolio is Jack Daniel’s, which is a spirits brand.

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