Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Although the revenue and EPS for Brinker International (EAT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Brinker International (EAT) came out with quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.39 per share a year ago.
Shares of Brinker International Inc. EAT, +2.86% tumbled 13.7% in premarket trading, after the parent of Chili's and Maggiano's restaurant chains missed fiscal fourth-quarter profit expectations and provided a downbeat fiscal 2025 outlook. Net income for the quarter to June 26 rose to $57.3 million or $1.24 a share, from $54.2 million, or $1.19 a share, in the same period a year ago.
Among the Zacks Rank #1 (Strong Buy) list, Brinker International (EAT) and Texas Roadhouse (TXRH) are two retail restaurant stocks that stand out in terms of growth.
Brinker International, Inc. EAT is expected to release earnings results for its fourth quarter, before the opening bell on Wednesday, Aug. 14.
Besides Wall Street's top -and-bottom-line estimates for Brinker International (EAT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Brinker's (EAT) fiscal fourth-quarter performance is likely to have benefited from Chili's performance, development efforts and marketing initiatives.
Brinker International (EAT) closed the most recent trading day at $61.75, moving -1.41% from the previous trading session.
Brinker International (EAT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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