Brown-Forman (NYSE:BF-B) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.74%.
Brown-Forman Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.12% to $0.52 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Was the same at $866 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Brown-Forman reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $861.73 million.
Quoting Management: Paul Varga, the company’s chief executive officer, said, “We are pleased to have delivered another year of top-tier industry results, with underlying sales growth of 8% and underlying operating income growth of 13%. The company achieved solid price increases, which helped drive margin expansion. Due to continued global interest in North American whiskey and favorable trends in premiumization, we remain cautiously optimistic that Brown-Forman’s strong and balanced organic growth will continue in fiscal 2014.”
Key Stats (on next page)…
EPS decreased 28.77% from $0.73 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.75 and has not changed. For the current year, the average estimate is a profit of $2.68, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)