Bloomin' Brands (BLMN) Scheduled to Post Earnings on Tuesday
Bloomin' Brands (NASDAQ:BLMN) is scheduled to release its Q214 earnings data on Tuesday, August 5th. Analysts expect Bloomin' Brands to post earnings of $0.29 per share and revenue of $1.09 billion for the quarter. Bloomin' Brands has set its FY14 guidance at at least $1.21 EPS.
Bloomin' Brands (NASDAQ:BLMN) last released its earnings data on Friday, May 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts expect Bloomin' Brands to post $1.22 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Bloomin' Brands (NASDAQ:BLMN) opened at 19.43 on Monday. Bloomin' Brands has a 52-week low of $19.18 and a 52-week high of $27.27. The stock’s 50-day moving average is $21.36 and its 200-day moving average is $22.50. The company has a market cap of $2.420 billion and a P/E ratio of 12.53.
A number of analysts have recently weighed in on BLMN shares. Analysts at Longbow Research initiated coverage on shares of Bloomin' Brands in a research note on Thursday, June 26th. They set a “buy” rating and a $30.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bloomin' Brands in a research note on Tuesday, June 24th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Buckingham Research initiated coverage on shares of Bloomin' Brands in a research note on Friday, June 6th. They set a “buy” rating and a $26.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.29.
Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.
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