Brinker International, Inc. (NYSE:EAT) is set to announce first quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, EAT to report 1Q21 loss of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 3340.35 million, while looking forward to income of $ 2.10 per share bottom line.
Previous Quarter Performance
Brinker International, Inc. revealed loss for the fourth quarter of $ 0.88 per share, from the revenue of $ 563.20 million. The quarterly revenues contracted 32.48 percent compared with the same quarter last year. Wall street analysts are predicting, EAT to report 4Q20 loss of $ 1.37 per share from revenue of $ 573.63 million. The bottom line results beat street analysts by $ 0.49 or 35.77 percent, at the same time, top line results fell short of analysts by $ 10.43 million or 1.82 percent.
Stock Performance
Shares of Brinker International, Inc. traded low $ -0.70 or -1.59 percent on Tuesday, reaching $ 43.21 with volume of 1.63 million shares. Brinker International, Inc. has traded high as $ 45.00 and has cracked $ 42.10 on the downward trend
According to the previous trading day, closing price of $ 43.21, representing a 527.29 % increase from the 52 week low of $ 7.00 and a 12.93 % decrease over the 52 week high of $ 50.43.
The company has a market capital of $ 1.96 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating.
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 46.00 target price.
- On 1st September 2020, downgraded by Raymond James to Market Perform from Outperform rating
Conference Call
Brinker International, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.brinker.com
Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 26, 2019, it owned, operated, or franchised 1,665 restaurants comprising 1,001 company-owned restaurants and 664 franchised restaurants under the Chilis Grill & Bar and Maggianos Little Italy brand names. The company was founded in 1975 and is based in Dallas, Texas.
