Brinker International, Inc. (NYSE:EAT) fell -1.50% to reach at the trading price of $53.31 as it is set to release its next quarterly earnings report on January 25, 2017. Brinker International, Inc. stock trades in the range of $52.98 to $54.26 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.78 a share with $796.35M in revenue.
Brinker International, Inc. (EAT) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Brinker International, Inc. to earn $1.04 per share (EPS) on revenue of $843.19M. The EPS consensus range is $0.99-$1.13 on revenue between $851M and $827M.
While if we look at the Earnings Track Record, Brinker International, Inc. (EAT) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Brinker International, Inc. (EAT) generated $0.49 in earnings per share, missing the consensus estimate of $0.55. Revenues hit $758.49M in the September 2016 quarter, which was below the consensus $772.15M projection. On the other hand, in the June 2016 quarter the company recorded a net $881.68M revenue with earnings per share of $1.24. Wall Street had anticipated $877.7M and $1.22, respectively. For comparison, there was a revenue of $824.64M and EPS of $1.00 in the March 2015 period.
Brinker International, Inc. (NYSE:EAT) Analyst Insights
The buoyancy in the outlook of Brinker International, Inc. (EAT) is getting weaker by the somewhat negative sentiment (2.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Goldman has been covering shares of EAT, so it is most recent view is worth a look. In a research note issued on Apr 20, 2016, analysts at downgraded the stock to Equal Weight from Overweight. Another noteworthy analyst activity was recorded on Nov 19, 2015. Downgraded the stock to Neutral from Buy.
Brinker International, Inc. (NYSE:EAT) is trading up 25.89% versus 12-month low of 42.35 and stands -4.53% lower from its 1-year peak of $55.84. The consensus price target (PT) of $52.93 means that the market expects Company shares to increase by -2.2% in the short run. The sell-side target prices range from $46 to $60. In the last month the stock has moved in price 10.99%, with a one year change of 20.06%. The last trading session volume compares with the 1.29M average and market worth floats around 2.65B.