Cracker Barrel(US:CBRL) ZACKSยท2024-11-14 15:45Core Insights - Cracker Barrel Old Country Store (CBRL) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, but down from $0.51 per share a year ago, indicating an earnings surprise of 12.50% [1] - The company generated revenues of $845.09 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.52% and up from $823.84 million year-over-year [2] - Cracker Barrel shares have declined approximately 41.3% year-to-date, contrasting with the S&P 500's gain of 25.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $936 million, while the estimate for the current fiscal year is $2.94 on revenues of $3.44 billion [7] - The estimate revisions trend for Cracker Barrel is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Retail - Restaurants industry, to which Cracker Barrel belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]