We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About Cracker Barrel (CBRL) Q3 Earnings
Read MoreHide Full Article
Wall Street analysts forecast that Cracker Barrel Old Country Store (CBRL - Free Report) will report quarterly loss of -$0.38 per share in its upcoming release, pointing to a year-over-year decline of 165.5%. It is anticipated that revenues will amount to $775.33 million, exhibiting a decrease of 5.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 18.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Cracker Barrel metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Revenues- Retail' should come in at $133.49 million. The estimate indicates a change of -5.8% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Restaurant' reaching $633.65 million. The estimate suggests a change of -4.3% year over year.
The collective assessment of analysts points to an estimated 'Number of stores - Total (End of Period)' of 711 . The estimate compares to the year-ago value of 728 .
Based on the collective assessment of analysts, 'Company-Owned Units - Cracker Barrel' should arrive at 657 . The estimate is in contrast to the year-ago figure of 658 .
Shares of Cracker Barrel have experienced a change of +7.8% in the past month compared to the +4.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CBRL is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About Cracker Barrel (CBRL) Q3 Earnings
Wall Street analysts forecast that Cracker Barrel Old Country Store (CBRL - Free Report) will report quarterly loss of -$0.38 per share in its upcoming release, pointing to a year-over-year decline of 165.5%. It is anticipated that revenues will amount to $775.33 million, exhibiting a decrease of 5.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 18.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Cracker Barrel metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Revenues- Retail' should come in at $133.49 million. The estimate indicates a change of -5.8% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Restaurant' reaching $633.65 million. The estimate suggests a change of -4.3% year over year.
The collective assessment of analysts points to an estimated 'Number of stores - Total (End of Period)' of 711 . The estimate compares to the year-ago value of 728 .
Based on the collective assessment of analysts, 'Company-Owned Units - Cracker Barrel' should arrive at 657 . The estimate is in contrast to the year-ago figure of 658 .
View all Key Company Metrics for Cracker Barrel here>>>Shares of Cracker Barrel have experienced a change of +7.8% in the past month compared to the +4.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CBRL is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .