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Brinker International (EAT) Increases Despite Market Slip: Here's What You Need to Know
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Brinker International (EAT - Free Report) ended the recent trading session at $136.69, demonstrating a +2.26% change from the preceding day's closing price. This change outpaced the S&P 500's 0.4% loss on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
Heading into today, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had lost 9.8% over the past month, lagging the Retail-Wholesale sector's loss of 6.92% and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Brinker International in its upcoming release. The company's earnings per share (EPS) are projected to be $2.85, reflecting a 7.14% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.48 billion, up 3.9% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.69 per share and a revenue of $5.81 billion, representing changes of +20.11% and +7.92%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Brinker International. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.17% upward. Currently, Brinker International is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Brinker International currently has a Forward P/E ratio of 12.5. Its industry sports an average Forward P/E of 18.23, 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 0.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.79 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 183, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Brinker International (EAT) Increases Despite Market Slip: Here's What You Need to Know
Brinker International (EAT - Free Report) ended the recent trading session at $136.69, demonstrating a +2.26% change from the preceding day's closing price. This change outpaced the S&P 500's 0.4% loss on the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
Heading into today, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had lost 9.8% over the past month, lagging the Retail-Wholesale sector's loss of 6.92% and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Brinker International in its upcoming release. The company's earnings per share (EPS) are projected to be $2.85, reflecting a 7.14% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.48 billion, up 3.9% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.69 per share and a revenue of $5.81 billion, representing changes of +20.11% and +7.92%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Brinker International. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.17% upward. Currently, Brinker International is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Brinker International currently has a Forward P/E ratio of 12.5. Its industry sports an average Forward P/E of 18.23, 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 0.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.79 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 183, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.