Brinker International (EAT) Tops Q3 Earnings and Revenue Estimates

Core Insights - Brinker International reported quarterly earnings of $2.66 per share, exceeding the Zacks Consensus Estimate of$ 2.48 per share, and significantly up from $1.24 per share a year ago [1] - The company achieved revenues of$ 1.43 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.35% and up from $1.12 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 7.26%, and the company has surpassed consensus EPS estimates three out of the last four quarters [2] - In the previous quarter, Brinker International reported earnings of$ 2.80 per share against an expectation of $1.80, resulting in a surprise of 55.56% [2] Stock Performance - Brinker International shares have increased approximately 21.5% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 2.12 on revenues of $1.35 billion, and for the current fiscal year, it is$ 8.38 on revenues of $5.24 billion [8] - The estimate revisions trend for Brinker International is mixed, which may change following the recent earnings report [7] Industry Context - The Retail - Restaurants industry is currently ranked in the bottom 19% of over 250 Zacks industries, suggesting potential challenges for stocks within this sector [9] - Another company in the same industry, FAT Brands Inc., is expected to report a quarterly loss of$ 2.40 per share, indicating a year-over-year change of -1.3% [10]