Bloomin’ Brands (NASDAQ:BLMN) Releases FY 2024 Earnings Guidance

Bloomin’ Brands (NASDAQ:BLMN) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.720-1.820 for the period, compared to the consensus EPS estimate of 2.080. The company issued revenue guidance of -. Bloomin’ Brands also updated its Q4 guidance to $0.32-$0.42 EPS.

Wall Street Analysts Forecast Growth

BLMN has been the subject of several analyst reports. Bank of America cut their price target on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Barclays reduced their target price on Bloomin’ Brands from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. UBS Group dropped their price target on Bloomin’ Brands from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Citigroup cut their price objective on Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Finally, BMO Capital Markets lowered their target price on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.33.

Bloomin’ Brands Trading Down 9.7 %

BLMN stock opened at $15.15 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 3.46. Bloomin’ Brands has a twelve month low of $14.72 and a twelve month high of $30.13. The company has a market cap of $1.29 billion, a P/E ratio of 58.27 and a beta of 2.04. The business has a fifty day moving average of $16.42 and a 200-day moving average of $18.82.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Friday, November 8th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin’ Brands had a return on equity of 61.90% and a net margin of 0.70%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Bloomin’ Brands will post 2.07 EPS for the current year.

Bloomin’ Brands Company Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.