It's a big week for the Treasury Wine Estates Ltd (ASX: TWE) share price this week. Not because Treasury shares put on a pleasing 1.13% today to $12.51 a share (although that will no doubt be welcomed by shareholders.
But it's because Treasury is scheduled to report its full-year earnings for the 2022 financial year on Thursday (18 August).
Now, of course, we don't know exactly what will be in this earnings report until we see it. But what we can do is see what some of ASX's top experts are saying about this wine company in the lead-up to this reporting date.
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Experts rate the Treasury Wine share price
So let's start with ASX broker Morgans. Earlier this month, my Fool colleague James covered Morgans' add rating on Treasury shares. The broker named the winemaker as one of the best buys this August.
It declared a 12-month share price target of $13.93 for Treasury, which represents an upside of more than 11% from where the company sits today. Here's some of what the broker said in its decision:
TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.
Is Treasury an inflation hedge?
But Morgans isn't the only expert eyeing off Treasury Wines today. My Fool colleague Tony also went through the views of John Ayoub last week. Ayoub is the lead portfolio manager at listed investment company (LIC) WAM Leaders Ltd (ASX: WLE). Here's some of what he said about Treasury:
Under the leadership of Tim Ford… Treasury Wine Estates has successfully repositioned itself away from China.. The business is now in a much stronger position than it was prior to the tariffs, allowing the company to shift back to a growth mindset…
In the current environment, Treasury Wine Estates is set to outperform… Wine consumption has proven defensive in previous economic downturns, the company is well positioned to pass through inflationary pressures and it has well-recognised brands and strong vintages that are in perennial demand.
So that's how these two ASX investing experts view the Treasury share price as we head towards its earnings this week. It will be interesting to see if their views remain the same after we hear from the company.
But in the meantime, the current Treasury Wine Estates share price gives this ASX 200 consumer staples share a market capitalisation of $8.93 billion, with a dividend yield of 2.4%.
