We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bloomin' Brands (BLMN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended December 2023, Bloomin' Brands (BLMN - Free Report) reported revenue of $1.19 billion, up 9.1% over the same period last year. EPS came in at $0.75, compared to $0.68 in the year-ago quarter.
The reported revenue represents a surprise of -0.15% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +10.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bloomin' Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable restaurant sales - U.S. - Carrabba?s Italian Grill: 2.5% compared to the 2.5% average estimate based on six analysts.
Comparable restaurant sales - U.S. - Outback Steakhouse: -0.3% compared to the -0.1% average estimate based on six analysts.
Comparable restaurant sales - U.S. - Combined U.S. -0.2% compared to the 0.1% average estimate based on six analysts.
Number of restaurants - System-wide total: 1,480 versus the six-analyst average estimate of 1,497.
Comparable restaurant sales - U.S. - Fleming?s Prime Steakhouse and Wine Bar: -1.9% versus -2.8% estimated by six analysts on average.
Comparable restaurant sales - U.S. - Bonefish Grill: -3% versus -0.3% estimated by six analysts on average.
Number of restaurants - U.S. - Fleming?s Prime Steakhouse and Wine Bar - Company-owned: 64 versus the four-analyst average estimate of 65.
Comparable restaurant sales - International - Outback Steakhouse - Brazil: 0.6% versus the four-analyst average estimate of 4.4%.
Number of restaurants - U.S. - Bonefish Grill - Total: 176 versus 175 estimated by three analysts on average.
Number of restaurants - U.S. - Carrabba?s Italian Grill - Total: 217 compared to the 218 average estimate based on three analysts.
Revenues- Franchise and other revenues: $16.77 million versus $17.47 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
Revenues- Restaurant sales: $1.18 billion compared to the $1.18 billion average estimate based on five analysts. The reported number represents a change of +9% year over year.
Shares of Bloomin' Brands have returned +1% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bloomin' Brands (BLMN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Bloomin' Brands (BLMN - Free Report) reported revenue of $1.19 billion, up 9.1% over the same period last year. EPS came in at $0.75, compared to $0.68 in the year-ago quarter.
The reported revenue represents a surprise of -0.15% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $0.68, the EPS surprise was +10.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bloomin' Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable restaurant sales - U.S. - Carrabba?s Italian Grill: 2.5% compared to the 2.5% average estimate based on six analysts.
- Comparable restaurant sales - U.S. - Outback Steakhouse: -0.3% compared to the -0.1% average estimate based on six analysts.
- Comparable restaurant sales - U.S. - Combined U.S. -0.2% compared to the 0.1% average estimate based on six analysts.
- Number of restaurants - System-wide total: 1,480 versus the six-analyst average estimate of 1,497.
- Comparable restaurant sales - U.S. - Fleming?s Prime Steakhouse and Wine Bar: -1.9% versus -2.8% estimated by six analysts on average.
- Comparable restaurant sales - U.S. - Bonefish Grill: -3% versus -0.3% estimated by six analysts on average.
- Number of restaurants - U.S. - Fleming?s Prime Steakhouse and Wine Bar - Company-owned: 64 versus the four-analyst average estimate of 65.
- Comparable restaurant sales - International - Outback Steakhouse - Brazil: 0.6% versus the four-analyst average estimate of 4.4%.
- Number of restaurants - U.S. - Bonefish Grill - Total: 176 versus 175 estimated by three analysts on average.
- Number of restaurants - U.S. - Carrabba?s Italian Grill - Total: 217 compared to the 218 average estimate based on three analysts.
- Revenues- Franchise and other revenues: $16.77 million versus $17.47 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.
- Revenues- Restaurant sales: $1.18 billion compared to the $1.18 billion average estimate based on five analysts. The reported number represents a change of +9% year over year.
View all Key Company Metrics for Bloomin' Brands here>>>Shares of Bloomin' Brands have returned +1% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.