Brown Forman Earnings Estimate
| BF-B Stock | USD 48.69 0.56 1.16% |
Brown |
Brown Forman Earnings per Share Projection vs Actual
About Brown Forman Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Brown Forman earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Brown Forman estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Brown Forman fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 4.2 B | 4.4 B | |
| Retained Earnings Total Equity | 4.2 B | 3.7 B | |
| Earnings Yield | 0.03 | 0.05 | |
| Price Earnings Ratio | 35.96 | 18.11 | |
| Price Earnings To Growth Ratio | (7.31) | (6.94) |
Pair Trading with Brown Forman
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brown Forman position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brown Forman will appreciate offsetting losses from the drop in the long position's value.Moving together with Brown Stock
| 0.74 | VINE | Fresh Grapes LLC | PairCorr |
| 0.79 | WVVI | Willamette Valley | PairCorr |
| 0.61 | DEO | Diageo PLC ADR | PairCorr |
Moving against Brown Stock
| 0.86 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.79 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.77 | STZ | Constellation Brands Financial Report 5th of July 2024 | PairCorr |
| 0.71 | LVMUY | LVMH Moet Hennessy | PairCorr |
| 0.71 | MO | Altria Group | PairCorr |
The ability to find closely correlated positions to Brown Forman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brown Forman when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brown Forman - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brown Forman to buy it.
The correlation of Brown Forman is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brown Forman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brown Forman moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brown Forman can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brown Forman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Brown Stock analysis
When running Brown Forman's price analysis, check to measure Brown Forman's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brown Forman is operating at the current time. Most of Brown Forman's value examination focuses on studying past and present price action to predict the probability of Brown Forman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brown Forman's price. Additionally, you may evaluate how the addition of Brown Forman to your portfolios can decrease your overall portfolio volatility.
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