The headline numbers for Bloomin' Brands (BLMN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Bloomin' Brands (BLMN) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.75 per share a year ago.
The parent company of Outback Steakhouse swings to a loss and offers soft guidance for 2025 amid continued pressure on fast-casual dining.
Nine months ago, Wall Street pundits were certain that four interest-rate cuts of 25 basis points each would occur in 2025.
BofA Securities analyst downgraded the shares of Bloomin' Brands Inc BLMN from Neutral to Underperform and lowered the price forecast from $18.00 to $13.00.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Raymond James downgraded Bloomin' Brands to Market Perform from Outperform without a price target following the Q3 report. The firm sees lower near-term visibility and views the stake sale in Bloomin's Brazil division as "underwhelming." The proceeds came in below his expectations and while the stock's "low valuation should provide some downside support," Bloomin's free cash flow is narrowing and its "high dividend payout may need to be revisited."
Barclays lowered the firm's price target on Bloomin' Brands to $19 from $20 and keeps an Overweight rating on the shares. The company's Q3 comp, margin and adjusted EBITDA were all below expectations, the analyst tells investors in a research note.
Raymond James downgraded Bloomin' Brands to Market Perform from Outperform.
Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Tara Kurian - Vice President of Corporate Finance and Investor Relations Mike Spanos - Chief Executive Officer Michael Healy - Executive Vice President & Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies John Ivankoe - JPMorgan Brian Harbour - Morgan Stanley Jeffrey Farmer - Gordon Haskett Sara Senatore - Bank of America Dennis Geiger - UBS Brian Mullan - Piper Sandler Jon Tower - Citigroup Brian Vaccaro - Raymond James Andrew Strelzik - BMO Tara Kurian Thank you and good morning, everyone. With me on today's call are Mike Spanos, our Chief Executive Officer; and Michael Healy, Chief Financial Officer and Executive Vice President.
Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.