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Brinker International (EAT) Gains As Market Dips: What You Should Know
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Brinker International (EAT - Free Report) closed at $132.01 in the latest trading session, marking a +2.73% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.76%.
The stock of operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy has fallen by 15.93% in the past month, lagging the Retail-Wholesale sector's loss of 4.08% and the S&P 500's gain of 1.14%.
Analysts and investors alike will be keeping a close eye on the performance of Brinker International in its upcoming earnings disclosure. On that day, Brinker International is projected to report earnings of $1.74 per share, which would represent year-over-year growth of 83.16%. In the meantime, our current consensus estimate forecasts the revenue to be $1.32 billion, indicating a 16.05% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.36 per share and revenue of $5.69 billion, indicating changes of +16.4% and +5.73%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.61% higher within the past month. Brinker International is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Brinker International is holding a Forward P/E ratio of 12.41. Its industry sports an average Forward P/E of 22.84, so one might conclude that Brinker International is trading at a discount comparatively.
We can additionally observe that EAT currently boasts a PEG ratio of 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Retail - Restaurants industry had an average PEG ratio of 2.24.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Brinker International (EAT) Gains As Market Dips: What You Should Know
Brinker International (EAT - Free Report) closed at $132.01 in the latest trading session, marking a +2.73% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.76%.
The stock of operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy has fallen by 15.93% in the past month, lagging the Retail-Wholesale sector's loss of 4.08% and the S&P 500's gain of 1.14%.
Analysts and investors alike will be keeping a close eye on the performance of Brinker International in its upcoming earnings disclosure. On that day, Brinker International is projected to report earnings of $1.74 per share, which would represent year-over-year growth of 83.16%. In the meantime, our current consensus estimate forecasts the revenue to be $1.32 billion, indicating a 16.05% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.36 per share and revenue of $5.69 billion, indicating changes of +16.4% and +5.73%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.61% higher within the past month. Brinker International is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Brinker International is holding a Forward P/E ratio of 12.41. Its industry sports an average Forward P/E of 22.84, so one might conclude that Brinker International is trading at a discount comparatively.
We can additionally observe that EAT currently boasts a PEG ratio of 0.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Retail - Restaurants industry had an average PEG ratio of 2.24.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.