ConAgra Brands, Inc.

Brown-Forman B (BF.B) Q1 Earnings Meet Estimates

Brown-Forman B reported quarterly earnings of $0.38 per share, matching consensus estimates, with revenues of $911 million slightly missing expectations. The company has underperformed the S&P 500 year-to-date, gaining only 1.2% versus the market's 11.5%. With unfavorable estimate revision trends, the stock received a Zacks Rank #4 (Sell) rating and is expected to underperform in the near term. The Beverages - Alcohol industry ranks in the bottom 12% of Zacks industries.