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Gear Up for Brinker International (EAT) Q1 Earnings: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Brinker International (EAT - Free Report) will announce quarterly earnings of $2.49 per share in its forthcoming report, representing an increase of 29% year over year. Revenues are projected to reach $1.45 billion, increasing 7.3% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
Given this perspective, it's time to examine the average forecasts of specific Brinker International metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Franchise and other revenues' will likely reach $14.23 million. The estimate points to a change of +3.1% from the year-ago quarter.
The consensus estimate for 'Revenue- Company sales' stands at $1.44 billion. The estimate suggests a change of +7.9% year over year.
Analysts predict that the 'Revenue- Company sales- Chili's' will reach $1.34 billion. The estimate points to a change of +8.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Company sales- Maggiano's' of $99.40 million. The estimate indicates a year-over-year change of +0.2%.
It is projected by analysts that the 'Comparable Restaurant Sales - Chili's - YoY change' will reach 8.1%. The estimate is in contrast to the year-ago figure of 21.4%.
Analysts expect 'Company owned restaurants - Maggiano's - Domestic locations' to come in at 49 . Compared to the present estimate, the company reported 48 in the same quarter last year.
Analysts forecast 'Company owned restaurants - Chili's' to reach 1,124 . The estimate compares to the year-ago value of 1,113 .
Based on the collective assessment of analysts, 'Company owned restaurants - Total' should arrive at 1,173 . The estimate is in contrast to the year-ago figure of 1,161 .
According to the collective judgment of analysts, 'Total restaurants - Brinker International' should come in at 1,639 . Compared to the present estimate, the company reported 1,630 in the same quarter last year.
Analysts' assessment points toward 'Franchise restaurants - Total' reaching 468 . Compared to the present estimate, the company reported 469 in the same quarter last year.
The consensus among analysts is that 'Franchise restaurants - Chili's - International' will reach 373 . The estimate is in contrast to the year-ago figure of 367 .
The average prediction of analysts places 'Comparable Restaurant Sales - Company - owned' at 7.5%. The estimate compares to the year-ago value of 18.8%.
Brinker International shares have witnessed a change of -11.8% in the past month, in contrast to the Zacks S&P 500 composite's -1.2% move. With a Zacks Rank #3 (Hold), EAT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Brinker International (EAT) Q1 Earnings: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Brinker International (EAT - Free Report) will announce quarterly earnings of $2.49 per share in its forthcoming report, representing an increase of 29% year over year. Revenues are projected to reach $1.45 billion, increasing 7.3% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
Given this perspective, it's time to examine the average forecasts of specific Brinker International metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Franchise and other revenues' will likely reach $14.23 million. The estimate points to a change of +3.1% from the year-ago quarter.
The consensus estimate for 'Revenue- Company sales' stands at $1.44 billion. The estimate suggests a change of +7.9% year over year.
Analysts predict that the 'Revenue- Company sales- Chili's' will reach $1.34 billion. The estimate points to a change of +8.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Company sales- Maggiano's' of $99.40 million. The estimate indicates a year-over-year change of +0.2%.
It is projected by analysts that the 'Comparable Restaurant Sales - Chili's - YoY change' will reach 8.1%. The estimate is in contrast to the year-ago figure of 21.4%.
Analysts expect 'Company owned restaurants - Maggiano's - Domestic locations' to come in at 49 . Compared to the present estimate, the company reported 48 in the same quarter last year.
Analysts forecast 'Company owned restaurants - Chili's' to reach 1,124 . The estimate compares to the year-ago value of 1,113 .
Based on the collective assessment of analysts, 'Company owned restaurants - Total' should arrive at 1,173 . The estimate is in contrast to the year-ago figure of 1,161 .
According to the collective judgment of analysts, 'Total restaurants - Brinker International' should come in at 1,639 . Compared to the present estimate, the company reported 1,630 in the same quarter last year.
Analysts' assessment points toward 'Franchise restaurants - Total' reaching 468 . Compared to the present estimate, the company reported 469 in the same quarter last year.
The consensus among analysts is that 'Franchise restaurants - Chili's - International' will reach 373 . The estimate is in contrast to the year-ago figure of 367 .
The average prediction of analysts places 'Comparable Restaurant Sales - Company - owned' at 7.5%. The estimate compares to the year-ago value of 18.8%.
View all Key Company Metrics for Brinker International here>>>Brinker International shares have witnessed a change of -11.8% in the past month, in contrast to the Zacks S&P 500 composite's -1.2% move. With a Zacks Rank #3 (Hold), EAT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .