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Brinker International (EAT) Suffers a Larger Drop Than the General Market: Key Insights
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Brinker International (EAT - Free Report) closed at $138.68 in the latest trading session, marking a -3.93% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.52%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 1.78%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have depreciated by 13.29% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 1.95%, and the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Brinker International in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.86, marking a 7.52% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.48 billion, indicating a 3.91% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $10.68 per share and a revenue of $5.81 billion, demonstrating changes of +20% and +7.93%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 0.13% increase. At present, Brinker International boasts a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Brinker International has a Forward P/E ratio of 13.52 right now. This valuation marks a discount compared to its industry average Forward P/E of 20.16.
Also, we should mention that EAT has a PEG ratio of 1.02. 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 1.91 as trading concluded yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EAT in the coming trading sessions, be sure to utilize Zacks.com.
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Brinker International (EAT) Suffers a Larger Drop Than the General Market: Key Insights
Brinker International (EAT - Free Report) closed at $138.68 in the latest trading session, marking a -3.93% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.52%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 1.78%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have depreciated by 13.29% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 1.95%, and the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Brinker International in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.86, marking a 7.52% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.48 billion, indicating a 3.91% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $10.68 per share and a revenue of $5.81 billion, demonstrating changes of +20% and +7.93%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 0.13% increase. At present, Brinker International boasts a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Brinker International has a Forward P/E ratio of 13.52 right now. This valuation marks a discount compared to its industry average Forward P/E of 20.16.
Also, we should mention that EAT has a PEG ratio of 1.02. 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 1.91 as trading concluded yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EAT in the coming trading sessions, be sure to utilize Zacks.com.