- Brown-Forman’s 3Q EPS beats estimates with 60c compared to the previous year’s 21c, surpassing the estimate of 55c.
- The company’s net sales were $1.07 billion, a 1.1% decrease from the previous year, falling short of the estimated $1.12 billion.
- Gross margin was 59.4%, an increase from last year’s 57.7%, slightly above the estimate of 59.3%.
- Cash and cash equivalents stood at $589 million, marking a 38% increase from the previous year and surpassing the estimate of $579.3 million.
- Operating margin was 34.9%, a significant increase from last year’s 15.9%, and above the estimate of 33.7%.
- The company expects its fiscal 2024 effective tax rate to be in the range of approximately 20% to 22%.
- The company’s stock has been rated as 3 buys, 13 holds, and 4 sells by analysts.
Brown Forman Corp Class B on Smartkarma
Brown Forman Corp Class B has been receiving attention from top independent analysts on Smartkarma, an independent investment research network. According to a research report by Baptista Research, the company’s recent results were a disappointment as they fell short of Wall Street’s expectations for revenue and earnings. However, the company did see a 2% increase in reported net sales growth in the first half of the fiscal year, with organic net sales rising by 1% after adjusting for recent acquisitions. Brands like Jack Daniel’s Tennessee Apple, New Mix, and Glenglassaugh contributed to this growth, offsetting volume declines from the previous year’s inventory rebuild.
In another research report by the same provider, Baptista Research, it was noted that Brown Forman Corp Class B reported a 3% increase in net sales growth and a 2% increase in organic net sales growth. Brands like Jack Daniel’s Tennessee Whiskey, Jack Daniel’s Tennessee Apple, and El Jimador were key drivers of this growth. The report also highlighted the potential revenue contribution from the company’s new distribution business in Slovakia. Overall, the analysts seem to have a bullish sentiment towards Brown Forman Corp Class B and its potential for growth in the future.
A look at Brown Forman Corp Class B Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The future looks bright for Brown Forman Corp Class B, according to the Smartkarma Smart Scores. This company, which produces and sells a range of alcoholic beverages, has received a score of 3 out of 5 for growth potential. This indicates that the company is expected to see steady growth in the coming years, making it an attractive investment option for those looking for long-term returns.
In addition to growth potential, Brown Forman Corp Class B also scores well in terms of momentum, with a score of 4 out of 5. This suggests that the company is currently performing well and has strong market momentum, which could translate into continued success in the future. However, it is important to note that the company received lower scores in other areas, such as value and dividend, with scores of 2 out of 5. This means that while the company may not be undervalued or offer high dividends, its growth potential and market momentum make it a promising investment for those willing to take on a bit more risk.
In summary, Brown Forman Corp Class B is a leading producer and marketer of alcoholic beverages with a promising outlook for the future. With a strong score for growth potential and market momentum, the company is well-positioned for continued success in the long-term. While it may not offer the highest value or dividend opportunities, its growth potential and market momentum make it a solid choice for investors looking for long-term returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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