Earnings Preview: Cracker Barrel Old Country Store (CBRL) Q3 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Cracker Barrel Old Country Store (CBRL) despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.25 per share, reflecting a year-over-year decrease of 71.6$829.4 million, an increase of 1.5% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their outlook for the company [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Cracker Barrel is lower than the consensus estimate, resulting in an Earnings ESP of -2.44%, suggesting a bearish sentiment among analysts [10]. Historical Performance - In the last reported quarter, Cracker Barrel exceeded expectations by posting earnings of $1.38 per share against an expected$1.01, achieving a surprise of +36.63%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Stock Movement Factors - An earnings beat or miss is not the sole determinant of stock price movement, as other factors can influence investor sentiment and stock performance [14]. Investment Considerations - Cracker Barrel does not currently appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions [16].