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Brinker International (EAT) Gains As Market Dips: What You Should Know
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Brinker International (EAT - Free Report) ended the recent trading session at $173.41, demonstrating a +2.08% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy's stock has climbed by 20.07% in the past month, exceeding the Retail-Wholesale sector's loss of 5.64% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Brinker International in its upcoming release. On that day, Brinker International is projected to report earnings of $3.08 per share, which would represent year-over-year growth of 23.69%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.53 billion, indicating a 4.7% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.75 per share and revenue of $5.81 billion, indicating changes of +20.79% and +7.89%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Brinker International. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Right now, Brinker International possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Brinker International is at present trading with a Forward P/E ratio of 15.81. This expresses a discount compared to the average Forward P/E of 19.32 of its industry.
We can additionally observe that EAT currently boasts a PEG ratio of 1.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. 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. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Brinker International (EAT) Gains As Market Dips: What You Should Know
Brinker International (EAT - Free Report) ended the recent trading session at $173.41, demonstrating a +2.08% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.01%. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy's stock has climbed by 20.07% in the past month, exceeding the Retail-Wholesale sector's loss of 5.64% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Brinker International in its upcoming release. On that day, Brinker International is projected to report earnings of $3.08 per share, which would represent year-over-year growth of 23.69%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.53 billion, indicating a 4.7% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.75 per share and revenue of $5.81 billion, indicating changes of +20.79% and +7.89%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Brinker International. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. Right now, Brinker International possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Brinker International is at present trading with a Forward P/E ratio of 15.81. This expresses a discount compared to the average Forward P/E of 19.32 of its industry.
We can additionally observe that EAT currently boasts a PEG ratio of 1.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. 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. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.