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

Bloomin' Brands

03/11/2023 13:32

* Bloomin' Brands Inc  BLMN.OQ  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 41 cents
per share. Wall Street expected results to range from 35 cents
to 45 cents per share.
    * Revenue rose 2.3% to $1.08 billion from a year ago;
analysts
expected $1.08 billion. 
    * Bloomin' Brands Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $44.53
million.
    * Bloomin' Brands Inc shares had fallen by 4.1% this
quarter and
gained 17.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Bloomin'
Brands
Inc is $26.00 

This summary was machine generated from LSEG data November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.41           0.44           Beat
 Jun. 30 2023      0.64           0.74           Beat
 Mar. 31 2023      0.89           0.98           Beat
 Dec. 31 2022      0.64           0.68           Beat