Bloomin Brands's Earnings Outlook

Bloomin Brands (NASDAQ:BLMN) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Bloomin Brands to report an earnings per share (EPS) of $0.21.

The announcement from Bloomin Brands is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

The company's EPS missed by $0.07 in the last quarter, leading to a 0.15% drop in the share price on the following day.

Here's a look at Bloomin Brands's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.58

0.74

0.69

0.42

EPS Actual

0.51

0.70

0.75

0.44

Price Change %

-0.0%

-0.0%

3.0%

0.0%

Performance of Bloomin Brands Shares

Shares of Bloomin Brands were trading at $16.99 as of November 06. Over the last 52-week period, shares are down 25.44%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Observations about Bloomin Brands

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Bloomin Brands.

Bloomin Brands has received a total of 3 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $19.67, the consensus suggests a potential 15.77% upside.

Comparing Ratings with Peers

This comparison focuses on the analyst ratings and average 1-year price targets of ...