Bloomin' Brands, Inc. (NASDAQ:BLMN) is reporting third quarter financial results on Friday 23rd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BLMN is expected to report 3Q20 loss of $ 0.35 per share from revenue of $ 745.03 million.
For the full year, analysts anticipate top line of $ 3222.82 million, while looking forward to loss of $ 0.89 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.85 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of Bloomin' Brands, Inc.
Previous Quarter Performance
Bloomin' Brands, Inc. unwinded loss for the second quarter of $ 0.74 per share, from the revenue of $ 578.46 million. The quarterly revenues contracted 43.40 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.12 per share from $ 592.69 million in revenue. The bottom line results beat street analysts by $ 0.38 or 33.93 percent, at the same time, top line results fell short of analysts by $ 14.23 million or 2.4 percent.
Stock Performance
Shares of Bloomin' Brands, Inc. traded up $ 0.65 or 3.81 percent on Thursday, reaching $ 17.73 with volume of 4.47 million shares. Bloomin' Brands, Inc. has traded high as $ 17.74 and has cracked $ 16.95 on the downward trend
The closing price of $ 17.73, representing a 276.21 % increase from the 52 week low of $ 4.54 and a 29.68 % decrease over the 52 week high of $ 24.29.
The company has a market capital of $ 1.55 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 17.00 target price.
- On 12th October 2020, maintained by Raymond James at Strong Buy rating, with $ 21.00 target price.
- On 14th September 2020, maintained by Raymond James at Strong Buy rating, with $ 20.00 target price.
- On 1st September 2020, upgraded by Raymond James to Strong Buy from Outperform rating
- On 1st September 2020, upgraded by Deutsche Bank to Buy from Hold rating
Conference Call
Bloomin' Brands, Inc. will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bloominbrands.com
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.
