Founded in 1870, Louisville, Kentucky-based Brown-Forman Corporation (BF-B) manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcoholic beverages. The company has a market capitalization of $12.6 billion and is expected to release its Q3 2026 earnings soon.
Ahead of this event, analysts anticipate the company to generate earnings of $0.48 per share, representing a decrease of 15.8% from $0.57 per share reported in the same quarter last year. The company has surpassed the Street’s bottom-line estimates in only one of the past four quarters, while missing on three other occasions.
For fiscal 2026, analysts expect the company to report an EPS of $1.67, indicating a 9.2% fall from $1.84 reported in fiscal 2025. However, its EPS is expected to rise nearly 4.8% year over year (YoY) to $1.75 in fiscal 2027.
BF.B stock has declined 17.1% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 13.7% rise and the State Street Consumer Staples Select Sector SPDR ETF’s (XLP) 6.2% return during the same time frame.
On Jan. 16, Brown-Forman stock closed down more than 3% after BNP Paribas analyst Kevin Grundy downgraded the stock to “Underperform” from “Neutral” with a price target of $24, down from $31. The analyst stated that the downgrade ultimately happened due to structural headwinds in the entire alcohol industry.
Analysts’ consensus opinion on the stock is skeptical, with a “Hold” rating overall. Among the 17 analysts covering the stock, three are recommending a “Strong Buy,” nine advise a “Hold,” one recommends a “Moderate Sell,” and the remaining four analysts are recommending a “Strong Sell” for the stock. BF.B’s average analyst price target is $30.49, indicating an upside of 8.9% from the current levels.
On the date of publication, Sristi Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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