DALLAS, July 22, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) has scheduled its earnings conference call at 10 a.m. Eastern Time on Wednesday, August 14, 2024, to review fourth quarter fiscal 2024 earnings, which will be announced before the market opens on August 14, 2024. The company may also provide other business updates. The live audio webcast can be accessed through Brinker's investor relations website at https://investors.brinker.com/events/event-details/q4-2024-brinker-international- ...

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. For the last reported quarter, Brinker International came out with earnings of $1.24 per share versus the Zacks Consensus Estimate of $1.15 per share, representing a surprise of 7.83%. For the previous quarter, the company was expected to post earnings of $0.94 per share and it actually produced earnings of $0.99 per share, deliveri ...

Company Performance - Brinker International (EAT) closed at $66.50, reflecting a +1.96% change from the previous trading day's close, outperforming the S&P 500's daily loss of 1.39% [2] - Over the last month, Brinker International's shares decreased by 4.17%, underperforming the Retail-Wholesale sector's gain of 3.78% and the S&P 500's gain of 4.43% [3] - The upcoming earnings report for Brinker International is projected to show earnings of $1.55 per share, representing year-over-year growth of 11.51%, with a revenue estimate of $1.15 billion, reflecting a 6.53% rise from the same quarter last year [4] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Brinker International indicate shifting business dynamics, with positive revisions suggesting optimism about the company's outlook [5] - The Zacks Rank system, which considers estimate changes, currently rates Brinker International at 2 (Buy), with the consensus EPS estimate moving 1.87% higher over the last 30 days [6][7] - Brinker International's Forward P/E ratio is 14.33, which is a discount compared to the industry average of 18.8, and its PEG ratio is 0.7, compared to the industry average PEG ratio of 1.89 [8] Industry Context - The Retail - Restaurants industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [9]

Core Viewpoint - Brinker International (EAT) has experienced a bearish trend with an 8.2% stock loss over the past two weeks, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1] Technical Analysis - The hammer chart pattern indicates a potential bottom in a downtrend, characterized by a small candle body and a long lower wick, suggesting that selling pressure may be exhausting [1] - This pattern signals that bears might be losing control, and the emergence of buying interest could lead to a trend reversal [1] Fundamental Indicators - Recent upward revisions in earnings estimates for EAT serve as a bullish indicator, with the consensus EPS estimate increasing by 1.9% over the last 30 days, reflecting analysts' optimism about the company's earnings potential [1] - EAT holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating a strong likelihood of outperforming the market [1] - The Zacks Rank is considered a reliable timing indicator for identifying improvements in a company's prospects, further supporting the potential for a trend reversal for EAT [1]

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and e ...

Core Viewpoint - Brinker International (EAT) is identified as a strong growth stock due to its favorable growth metrics and positive earnings estimate revisions, making it an attractive option for growth investors [2][6][7]. Earnings Growth - The historical EPS growth rate for Brinker International is 4.4%, but projected EPS growth for this year is expected to be 12.3%, significantly outperforming the industry average of 5% [10]. Asset Utilization - Brinker International has an impressive sales-to-total-assets (S/TA) ratio of 1.72, indicating that the company generates $1.72 in sales for every dollar in assets, compared to the industry average of 0.97, showcasing higher efficiency [4][11]. Sales Growth - The company's sales are projected to grow by 3.1% this year, which is above the industry average growth rate of 2.7% [12]. Earnings Estimate Revisions - Current-year earnings estimates for Brinker International have been revised upward, with the Zacks Consensus Estimate increasing by 1.9% over the past month, indicating positive momentum [5][13]. Overall Assessment - Brinker International has earned a Growth Score of A and holds a Zacks Rank 1, suggesting it is a potential outperformer and a solid choice for growth investors [6][7].

Group 1: Target (TGT) - Target is the sixth-largest retailer in the U.S. and has faced competitive pressure from larger rivals like Walmart and Amazon [2] - The company has successfully reinvested in its operations, particularly in digital initiatives during the pandemic, allowing it to compete effectively [2] - Target generated $3.8 billion in free cash flow (FCF) last year, which increased to $4.6 billion over the trailing 12-month period, trading at 14 times FCF and 16 times earnings [7] - Wall Street expects Target to grow earnings at an annual rate of 18%, indicating potential for multiple expansion [7] - The company must continuously improve its cost structure due to competitive pressures, but it remains a strong cash-generating entity [17] Group 2: Nextracker (NXT) - Nextracker, spun off from Flex in 2023, has seen its stock rise 65% since the separation, although it is only up 9.3% this year [3] - The stock trades at 15 times earnings and 16 times FCF, with analysts predicting a remarkable 40% annual earnings growth over the next five years [13] - Nextracker is the largest manufacturer of intelligent tracking systems, which enhance solar panel efficiency by 25% to 35% [18] Group 3: Brinker International (EAT) - Brinker International, known for its Chili's chain, has benefited from a growing demand for Mexican food, with fiscal third-quarter sales rising 3.8% to $988 million, accounting for 89% of total revenue [14][23] - Despite a 51% increase in shares year-to-date and a 71% rise over the past year, Brinker is still considered an undervalued value stock [19] - The company has achieved growth through menu innovation and value offerings, leading to increased sales and traffic [23]

Kinross Gold Corporation (KGC) : This gold mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days. Zai Lab Limited (ZLAB) : This biopharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days. Brinker International, Inc. (EAT) : This casual dining restaurant company has a Zacks Rank #1 and witnessed the Zacks Consensus Estim ...

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Brinker International (EAT) closed the most recent trading day at $70.12, moving -0.92% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.1% for the day. On the other hand, the Dow registered a loss of 0.08%, and the technology-centric Nasdaq increased by 0.28%. Investors will be eagerly watching for the performance of Brinker International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.51, reflecting an 8 ...