A Preview Of Brown Forman Inc Class B Common Stock's Earnings
Portfolio Pulse from Benzinga Insights
Brown Forman Inc Class B Common Stock (NYSE:BF) is scheduled to release its quarterly earnings report on March 6, 2024, with an estimated EPS of $0.56. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mix of hits and misses, with the share price reacting variably. Currently, shares are trading at $60.26, down 5.07% over the last 52 weeks, indicating potential concern among long-term shareholders.
March 05, 2024 | 2:01 pm
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Brown Forman Inc Class B Common Stock (NYSE:BF) is anticipated to report quarterly earnings with an EPS estimate of $0.56. The stock's performance has been negative over the past year, with a 5.07% decline, raising stakes for the upcoming earnings report.
The anticipation of Brown Forman's earnings report is high due to its mixed past performance and the recent decline in stock price. While the estimated EPS of $0.56 sets a benchmark for performance, the actual impact on the stock price will heavily depend on whether the company beats this estimate and provides positive guidance for the future. Given the historical sensitivity of the stock price to earnings announcements and guidance, the short-term impact is considered neutral until the actual figures are released.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100