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Brinker International (EAT) Laps the Stock Market: Here's Why
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Brinker International (EAT - Free Report) closed at $151.05 in the latest trading session, marking a +1.08% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.64%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.52%.
Heading into today, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had gained 10.73% over the past month, outpacing the Retail-Wholesale sector's gain of 4.11% and the S&P 500's gain of 3%.
The investment community will be paying close attention to the earnings performance of Brinker International in its upcoming release. The company is forecasted to report an EPS of $2.51, showcasing a 10.36% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.4 billion, indicating a 3.12% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.23 per share and a revenue of $5.73 billion, indicating changes of +14.94% and +6.46%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Brinker International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% increase. Brinker International is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Brinker International is presently trading at a Forward P/E ratio of 14.61. This expresses a discount compared to the average Forward P/E of 21.13 of its industry.
Investors should also note that EAT has a PEG ratio of 1.03 right now. 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. The Retail - Restaurants industry had an average PEG ratio of 2.34 as trading concluded yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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) Laps the Stock Market: Here's Why
Brinker International (EAT - Free Report) closed at $151.05 in the latest trading session, marking a +1.08% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.64%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.52%.
Heading into today, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had gained 10.73% over the past month, outpacing the Retail-Wholesale sector's gain of 4.11% and the S&P 500's gain of 3%.
The investment community will be paying close attention to the earnings performance of Brinker International in its upcoming release. The company is forecasted to report an EPS of $2.51, showcasing a 10.36% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.4 billion, indicating a 3.12% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.23 per share and a revenue of $5.73 billion, indicating changes of +14.94% and +6.46%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Brinker International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% increase. Brinker International is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Brinker International is presently trading at a Forward P/E ratio of 14.61. This expresses a discount compared to the average Forward P/E of 21.13 of its industry.
Investors should also note that EAT has a PEG ratio of 1.03 right now. 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. The Retail - Restaurants industry had an average PEG ratio of 2.34 as trading concluded yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.