Insights Into Cracker Barrel (CBRL) Q2: Wall Street Projections for Key Metrics

Core Insights - Wall Street analysts anticipate Cracker Barrel Old Country Store (CBRL) will report a quarterly loss of -$0.10 per share, reflecting a year-over-year decline of 107.3% [1] - Expected revenues are projected at $895.83 million, which is a decrease of 5.6% compared to the same quarter last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 41.4% over the past 30 days, indicating a collective reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between these revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenues- Retail' will reach $184.33 million, down 7.3% from the prior-year quarter [4] - 'Revenues- Restaurant' are expected to be $705.80 million, reflecting a decline of 3.8% from the previous year [5] - The average prediction for 'Comparable-store sales - Restaurant - YoY change' is -6.5%, compared to a positive 4.7% in the year-ago period [5] Store Metrics - Analysts project the 'Number of stores - Total (End of Period)' will be 713, down from 726 a year ago [5] - The estimate for 'Company-Owned Units - Cracker Barrel' remains unchanged at 657 compared to the previous year [6] Stock Performance - Cracker Barrel shares have increased by 13.8% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [6] - With a Zacks Rank of 4 (Sell), CBRL is expected to underperform the overall market in the near term [6]