Brinker International, Inc. (EAT) is scheduled to report fourth-quarter fiscal 2024 results on Aug 14, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 7.8%. How Are Estimates Placed? The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share (EPS) is pegged at $1.65 per share, indicating an 18.7% increase from the prior-year reported figure of $1.39. The estimated figure moved up from $1.55 in the past 30 days. The consensus mark for revenu ...

In the latest market close, Brinker International (EAT) reached $61.75, with a -1.41% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 1.05%. Prior to today's trading, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had lost 5.42% over the past month. This has was narrower than the Retail-Wholesale sector's ...

The market expects Brinker International (EAT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 14, 2024, might help the stock move higher if these key num ...

In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Earnings growth is arguably the most important factor, as stocks exhibiting exceptionall ...

Kinross Gold Corporation (KGC) : This gold-mining company has seen the Zacks Consensus Estimate for its current year earnings increasing 14% over the last 60 days. Skillsoft Corp. (SKIL) : This instructor-led training services company has seen the Zacks Consensus Estimate for its current year earnings increasing 27.4% over the last 60 days. Brinker International, Inc. (EAT) : This franchisor of casual dining restaurants has seen the Zacks Consensus Estimate for its current year earnings increasing 4.3% over ...

Shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy have depreciated by 9.88% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 1.16% and the S&P 500's gain of 1.96%. 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 ...

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]