Bloomin' Brands Inc BLMN.OQ reported quarterly adjusted earnings of 33 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 25 cents to 38 cents per share.
Revenue fell 10.4% to $1.00 billion from a year ago; analysts expected $983.69 million.
Bloomin' Brands Inc's reported EPS for the quarter was 30 cents.
The company reported quarterly net income of $25.42 million.
Bloomin' Brands Inc shares had risen by 3.9% this quarter and lost 26.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 7.3% 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 1 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is "buy."
This summary was machine generated from LSEG data August 6 at 12:23 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)