Brinker International's Q4 Earnings: Analyst Insights and Projections

Brinker International Overview
Brinker International, Inc. (NYSE: EAT) is gearing up to announce its earnings for the fourth quarter. Analysts are looking closely at the company's performance, anticipating a significant improvement over previous quarters.
Analyst Earnings Expectations
Financial experts expect that Brinker will report quarterly earnings of approximately $2.47 per share. This projection shows a marked increase compared to $1.61 per share noted during the same period last year.
Quarterly Revenue Predictions
In terms of revenue, analysts estimate that Brinker International will generate roughly $1.44 billion this quarter, a growth from $1.21 billion a year earlier. Such figures indicate a promising upward trajectory for the company.
Recent Performance Highlights
Earlier, on April 29, Brinker reported impressive growth for the third quarter of the fiscal year. The company's revenue surged by 27.2%, reaching $1.43 billion, thus surpassing the analyst consensus which predicted a revenue of $1.39 billion. This impressive growth was accompanied by an adjusted earnings per share (EPS) of $2.66, outperforming the expected $2.57.
Stock Market Response
Following these announcements, Brinker International's stock saw a positive response, with shares rising by 1.8%, closing at $154.88. Investor sentiment appears to be optimistic as they await upcoming earnings results.
Analysts' Ratings
When considering whether to invest in EAT stock, analysts have provided various insights based on their evaluations:
- Wells Fargo's Zachary Fadem maintained an Equal-Weight rating, upping the price target for EAT from $150 to $165.
- Barclays' Jeffrey Bernstein also upheld an Equal-Weight rating, adjusting the price target from $155 to $166.
- Morgan Stanley's John Glass raised the price target from $144 to $149 while retaining an Equal-Weight rating.
- JP Morgan's analyst, John Ivankoe, maintained a Neutral rating and increased the price target from $160 to $180.
- Stifel's Chris O'Cull kept a Buy rating, lifting the price target from $200 to $215.
Future Outlook
As Brinker International prepares to unveil its fourth-quarter earnings, the overall outlook remains positive. With notable growth in previous quarters and a slew of upgraded ratings from analysts, the company appears well-positioned for continued success.
Frequently Asked Questions
When will Brinker International announce its Q4 earnings?
Brinker International is expected to release its fourth-quarter earnings results shortly.
What are analysts predicting for Brinker International's EPS?
Analysts project an earnings per share of $2.47 for the quarter.
How much revenue is Brinker International expected to generate?
The expected revenue for the upcoming quarter is approximately $1.44 billion.
What was Brinker International's performance in the last quarter?
The company reported a 27.2% revenue increase in the last quarter, surpassing expectations.
What is the current stock price of Brinker International?
The stock is currently trading around $154.88.
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