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Brinker International (EAT) Stock Declines While Market Improves: Some Information for Investors
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Brinker International (EAT - Free Report) ended the recent trading session at $212.49, demonstrating a -1.02% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have depreciated by 10.03% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 9.35%, and the S&P 500's loss of 1.96%.
The investment community will be closely monitoring the performance of Brinker International in its forthcoming earnings report. The company is expected to report EPS of $2.46, up 27.46% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 7.26% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.09 per share and revenue of $6.28 billion, indicating changes of +21.88% and +8.15%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Brinker International. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.92% increase. Brinker International is currently a Zacks Rank #2 (Buy).
In the context of valuation, Brinker International is at present trading with a Forward P/E ratio of 16.41. This valuation marks a discount compared to its industry average Forward P/E of 21.58.
It's also important to note that EAT currently trades at a PEG ratio of 1.12. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 42% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Brinker International (EAT) Stock Declines While Market Improves: Some Information for Investors
Brinker International (EAT - Free Report) ended the recent trading session at $212.49, demonstrating a -1.02% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have depreciated by 10.03% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 9.35%, and the S&P 500's loss of 1.96%.
The investment community will be closely monitoring the performance of Brinker International in its forthcoming earnings report. The company is expected to report EPS of $2.46, up 27.46% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 7.26% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.09 per share and revenue of $6.28 billion, indicating changes of +21.88% and +8.15%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Brinker International. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.92% increase. Brinker International is currently a Zacks Rank #2 (Buy).
In the context of valuation, Brinker International is at present trading with a Forward P/E ratio of 16.41. This valuation marks a discount compared to its industry average Forward P/E of 21.58.
It's also important to note that EAT currently trades at a PEG ratio of 1.12. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 42% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.