We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Brinker International (EAT) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
Brinker International (EAT - Free Report) closed the most recent trading day at $94.32, moving +1.5% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy witnessed a gain of 20.44% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 1.69% and the S&P 500's gain of 2.68%.
Analysts and investors alike will be keeping a close eye on the performance of Brinker International in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is predicted to post an EPS of $0.67, indicating a 139.29% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 7.37% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.74 per share and revenue of $4.59 billion, which would represent changes of +15.61% and +4.04%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Brinker International. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.01% higher. Brinker International is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Brinker International is currently exchanging hands at a Forward P/E ratio of 19.59. Its industry sports an average Forward P/E of 22.89, so one might conclude that Brinker International is trading at a discount comparatively.
One should further note that EAT currently holds a PEG ratio of 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 2.17.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Brinker International (EAT) Increases Despite Market Slip: Here's What You Need to Know
Brinker International (EAT - Free Report) closed the most recent trading day at $94.32, moving +1.5% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.
Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy witnessed a gain of 20.44% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 1.69% and the S&P 500's gain of 2.68%.
Analysts and investors alike will be keeping a close eye on the performance of Brinker International in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is predicted to post an EPS of $0.67, indicating a 139.29% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 7.37% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.74 per share and revenue of $4.59 billion, which would represent changes of +15.61% and +4.04%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Brinker International. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.01% higher. Brinker International is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Brinker International is currently exchanging hands at a Forward P/E ratio of 19.59. Its industry sports an average Forward P/E of 22.89, so one might conclude that Brinker International is trading at a discount comparatively.
One should further note that EAT currently holds a PEG ratio of 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 2.17.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.