EAT, LFST and MC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 29, 2024.
While the top- and bottom-line numbers for Brinker International (EAT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brinker International (EAT) came out with quarterly earnings of $2.80 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $0.99 per share a year ago.
Brinker, the parent company of Maggiano's and Chili's, saw its stock rising premarket after earnings crushed estimates for its fiscal second quarter.
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EAT's fiscal second-quarter margins are likely to have benefited from strategic pricing initiatives, effective cost management and a focus on higher-margin menu items.
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EAT's fiscal second-quarter performance is likely to have benefited from effective marketing strategies, improved menu pricing and a favorable menu item mix.
The stock of Chili's parent Brinker has rallied so much that a longtime bull downgraded it ahead of earnings, saying valuations leave “little room for error.”
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Zacks.com users have recently been watching Brinker International (EAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the closing of the recent trading day, Brinker International (EAT) stood at $154.52, denoting a +1.25% change from the preceding trading day.