Bloomin' Brands Inc reports results for the quarter ended in December - Earnings Summary

Bloomin' Brands

23/02/2024 14:31

* Bloomin' Brands Inc  BLMN.OQ  reported quarterly adjusted
earnings of 75 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 68 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 69 cents
per share. Wall Street expected results to range from 64 cents
to 72 cents per share.
    * Revenue rose 9.1% to $1.19 billion from a year ago;
analysts
expected $1.20 billion. 
    * Bloomin' Brands Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $43.27
million.
    * Bloomin' Brands Inc shares had fallen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "hold"

Wall Street's median 12-month price target for Bloomin' Brands
Inc is $29.00 
This summary was machine generated from LSEG data February 23 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.69           0.75           Beat
 Sep. 30 2023      0.41           0.44           Beat
 Jun. 30 2023      0.64           0.74           Beat
 Mar. 31 2023      0.89           0.98           Beat