Why Brown-Forman (BF.B) Stock Is Declining Today

NEW YORK (TheStreet) -- Brown-Forman (BF.B) shares are down -0.3% to $91.93 on Wednesday after reporting weaker than expected first quarter earnings results.

The Jack Daniels whiskey bottler reported first quarter earnings of 70 cents per diluted share, 1 cent short of analysts estimates, on revenue of $921 million.

Analysts were expecting first quarter revenue of $893.4 million.

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TheStreet Ratings team rates BROWN-FORMAN as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate BROWN-FORMAN (BF.B) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

BF.B Chart BF.B data by YCharts

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