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Why Brinker International (EAT) Dipped More Than Broader Market Today
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Brinker International (EAT - Free Report) closed the latest trading day at $82.45, indicating a -1.65% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.96%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 1.18%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have appreciated by 21.25% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 7.74% and the S&P 500's gain of 4.3%.
The upcoming earnings release of Brinker International will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.64, reflecting a 128.57% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.08 billion, indicating a 6.9% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.66 per share and a revenue of $4.58 billion, signifying shifts of +13.66% and +3.76%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.43% increase. Right now, Brinker International possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Brinker International is presently being traded at a Forward P/E ratio of 17.98. This valuation marks a discount compared to its industry's average Forward P/E of 22.75.
It is also worth noting that EAT currently has a PEG ratio of 1.36. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Retail - Restaurants industry stood at 2.14 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 174, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Brinker International (EAT) Dipped More Than Broader Market Today
Brinker International (EAT - Free Report) closed the latest trading day at $82.45, indicating a -1.65% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.96%. At the same time, the Dow lost 0.94%, and the tech-heavy Nasdaq lost 1.18%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have appreciated by 21.25% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 7.74% and the S&P 500's gain of 4.3%.
The upcoming earnings release of Brinker International will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.64, reflecting a 128.57% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.08 billion, indicating a 6.9% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.66 per share and a revenue of $4.58 billion, signifying shifts of +13.66% and +3.76%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Brinker International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.43% increase. Right now, Brinker International possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Brinker International is presently being traded at a Forward P/E ratio of 17.98. This valuation marks a discount compared to its industry's average Forward P/E of 22.75.
It is also worth noting that EAT currently has a PEG ratio of 1.36. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Retail - Restaurants industry stood at 2.14 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 174, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.