Earnings Outlook for Bloomin Brands

Bloomin Brands BLMN announces its next round of earnings this Friday, October 23. Here is Benzinga's look at Bloomin Brands's Q3 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Bloomin Brands reporting a quarterly loss of $0.35 per share on sales of $745.03 million. In the same quarter last year, Bloomin Brands posted EPS of $0.1 on sales of $967.14 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 450.0% decline in the company's earnings. Revenue would have fallen 22.97% from the same quarter last year. Here is how the Bloomin Brands's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -1.15 0.20 0.35 0.1
EPS Actual -0.74 0.14 0.32 0.1
Revenue Estimate 589.50 M 986.00 M 1.03 B 967.63 M
Revenue Actual 578.46 M 1.01 B 1.02 B 967.14 M

Stock Performance

Shares of Bloomin Brands were trading at $17.08 as of October 21. Over the last 52-week period, shares are down 12.11%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Bloomin Brands is scheduled to hold the call at 08:30:00 ET and can be accessed here.

Posted In: Earnings