Brinker International (EAT) Lags Q4 Earnings Estimates

Core Viewpoint - Brinker International reported quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share, but showing an increase from $1.39 per share a year ago [1][2] Financial Performance - The company posted revenues of $1.21 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.33%, compared to $1.08 billion in the same quarter last year [3] - Over the last four quarters, Brinker International has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2][3] Stock Performance - Brinker International shares have increased approximately 63% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $1.06 billion, and for the current fiscal year, it is $4.73 on revenues of $4.51 billion [8] - The trend for estimate revisions ahead of the earnings release was favorable, suggesting potential positive adjustments in earnings expectations [7] Industry Context - The Retail - Restaurants industry, to which Brinker International belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [9] - Another company in the same industry, Cracker Barrel Old Country Store, is expected to report a significant year-over-year decline in earnings, with a consensus EPS estimate of $1.16, reflecting a -35.2% change [10]