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

Bloomin' Brands

06/08/2024 14:52

* Bloomin' Brands Inc  BLMN.OQ  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 74 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 58 cents per share. Wall Street
expected results to range from 52 cents to 66 cents per share.
    * Revenue fell 2.9% to $1.12 billion from a year ago;
analysts
expected $1.13 billion. 
    * Bloomin' Brands Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $28.4
million.
    * Bloomin' Brands Inc shares had fallen by 4.9% this
quarter and
lost 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, four 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 $26.00 
This summary was machine generated from LSEG data August 6 at
01:52 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
 Jun. 30 2024      0.58           0.51           Missed
 Mar. 31 2024      0.74           0.70           Missed
 Dec. 31 2023      0.69           0.75           Beat
 Sep. 30 2023      0.41           0.44           Beat