Wall Street analyst estimates for Brown-Forman Corporation (BF-B): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, bottling, international trade (importing and exporting), marketing, and sale of a diverse portfolio of alcoholic products. Its extensive offerings encompass a wide variety of spirits, wines, and whiskey products, including specialty whiskey spirits and flavored whiskey liqueurs.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $3.9B | $3.9B – $4.0B | $1.71 | 18 |
| 2028E | $4.0B | $3.8B – $4.1B | $1.71 | 17 |
| 2029E | $4.1B | $4.0B – $4.2B | $1.77 | 10 |
Fiscal year ending in April · figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 5 |
| Hold | 24 |
| Sell | 7 |
| Strong Sell | 0 |
| Total analysts | 36 |
| Avg rating (−2 sell to +2 buy) | -0.06 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-03 | $0.46 | ||
| 2026-09-02 | $0.38 | $0.38 | +0.0% |
| 2026-06-04 | $0.12 | $0.31 | -61.2% |
| 2026-03-04 | $0.58 | $0.47 | +24.5% |
| 2025-12-04 | $0.47 | $0.47 | -1.1% |
| 2025-08-28 | $0.36 | $0.47 | -24.3% |
| 2025-06-03 | $0.31 | $0.34 | -8.8% |
| 2025-03-04 | $0.43 | $0.46 | -6.5% |
Valuation Ratios
| P/E Ratio | 18.92 |
| Price / Book | 3.35 |
| Dividend Yield | 3.19% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.99B | $3.25B | $3.32B | $3.36B | $3.46B | $3.93B | $4.23B | $4.18B | $3.98B | $3.93B |
| Cost of Revenue | $973.0M | $1.05B | $1.16B | $1.24B | $1.37B | $1.54B | $1.73B | $1.65B | $1.63B | $1.55B |
| Gross Profit | $2.02B | $2.20B | $2.17B | $2.13B | $2.09B | $2.39B | $2.49B | $2.53B | $2.34B | $2.38B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.03B | $1.17B | $1.04B | $1.02B | $1.07B | $1.13B | $1.25B | $1.35B | $1.23B | $1.27B |
| Operating Expenses | $1.01B | $1.15B | $1.02B | $1.04B | $928.0M | $1.19B | $1.37B | $1.38B | $1.18B | $1.27B |
| Operating Income | $1.01B | $1.05B | $1.14B | $1.09B | $1.17B | $1.20B | $1.13B | $1.15B | $1.17B | $1.11B |
| EBITDA | $1.05B | $1.11B | $1.20B | $1.17B | $1.24B | $1.27B | $1.19B | $1.51B | $1.29B | $1.11B |
| Interest Expense | $59.0M | $68.0M | $88.0M | $82.0M | $81.0M | $82.0M | $90.0M | $127.0M | $122.0M | $89.0M |
| Pre-tax Income | $933.0M | $977.0M | $1.04B | $1.01B | $1.08B | $1.11B | $1.02B | $1.30B | $1.08B | $885.0M |
| Income Tax | $264.0M | $260.0M | $207.0M | $182.0M | $178.0M | $276.0M | $234.0M | $274.0M | $212.0M | $170.0M |
| Net Income | $669.0M | $717.0M | $835.0M | $827.0M | $903.0M | $838.0M | $783.0M | $1.02B | $869.0M | $715.0M |
| EPS | $1.38 | $1.49 | $1.74 | $1.73 | $1.89 | $1.75 | $1.63 | $2.15 | $1.84 | $1.53 |
| EPS (Diluted) | $1.37 | $1.48 | $1.73 | $1.72 | $1.88 | $1.74 | $1.63 | $2.15 | $1.84 | $1.53 |
| Shares Outstanding (Diluted) | 488.1 M | 484.2 M | 482.1 M | 480.4 M | 480.7 M | 480.6 M | 480.6 M | 477.2 M | 472.9 M | 466.7 M |
Price
| Price | $28.95 (closing price, November 3, 2026) |
| Market Cap | $13.4B |
| Exchange | NYSE |
| Country | US |
Related companies: ABEV · DEO · STZ · TAP · SAM
Explore sector: Consumer Defensive · Beverages - Wineries & Distilleries
More sections of BF-B: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks