Casual restaurant chain Brinker International (NYSE:EAT) will be reporting results tomorrow morning. Here's what you need to know.
Last quarter Brinker International reported revenues of $1.08 billion, up 5.29% year on year, missing analyst expectations by 0.58%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.
Is Brinker International buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Brinker International's revenue to grow 5.65% year on year to $1.01 billion, slowing down from the 9.03% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 0.76%.
Looking at Brinker International's peers in the sit-down dining segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. BJ's delivered top-line growth of 2.34% year on year, missing analyst estimates by 2.22% and Texas Roadhouse (NASDAQ:TXRH) reported revenues up 12.9% year on year, missing analyst estimates by 0.06%. BJ's traded up 8.61% on the results, Texas Roadhouse was up 3.24%.
Read the full analysis of BJ's's and Texas Roadhouse's results on StockStory.
The fears around raising interest rates have been putting pressure on tech stocks and while some of the sit-down dining stocks have fared somewhat better, they have not been spared, with share price declining 2.67% over the last month. Brinker International is up 6.54% during the same time, and is heading into the earnings with analyst price target of $37.3, compared to share price of $33.4.
The author has no position in any of the stocks mentioned.