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

Bloomin' Brands

07/05/2024 18:33

* Bloomin' Brands Inc  BLMN.OQ  reported quarterly adjusted
earnings of 70 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 98 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 69 cents to 82 cents per share.
    * Revenue fell 4% to $1.20 billion from a year ago; analysts
expected $1.20 billion. 
    * Bloomin' Brands Inc's reported EPS for the quarter was a
loss
of 96 cents​.
    * The company reported a quarterly loss of $83.87 million.
    * Bloomin' Brands Inc shares had fallen by 13.0% this
quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $30.00 
This summary was machine generated from LSEG data May 7 at 05:32
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
 Mar. 31 2024      0.74           0.70           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