Bloomin' Brands (BLMN) Q3 Earnings Beat Estimates

Core Viewpoint - Bloomin' Brands reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, but down from $0.44 per share a year ago [1][2] Financial Performance - The company posted revenues of $1.04 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.75% and down from $1.08 billion year-over-year [3] - The earnings surprise for the quarter was 10.53%, while the previous quarter saw a negative surprise of -10.53% [2] Stock Performance - Bloomin' Brands shares have declined approximately 40.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.2% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $1.12 billion, and for the current fiscal year, it is $2.07 on revenues of $4.48 billion [8] - The outlook for the industry, specifically the Retail - Restaurants sector, is currently in the top 30% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [9]