Bloomin’ Brands (NASDAQ:BLMN) Issues Q4 2024 Earnings Guidance

Bloomin’ Brands (NASDAQ:BLMN) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.320-0.420 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of -. Bloomin’ Brands also updated its FY 2024 guidance to 1.720-1.820 EPS.

Wall Street Analysts Forecast Growth

BLMN has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Bloomin’ Brands from $27.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on Bloomin’ Brands from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Bloomin’ Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup cut their price objective on shares of Bloomin’ Brands from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Finally, Bank of America reduced their target price on shares of Bloomin’ Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Bloomin’ Brands has an average rating of “Hold” and an average price target of $21.33.

Bloomin’ Brands Stock Down 9.7 %

BLMN stock opened at $15.15 on Friday. The firm’s 50-day moving average is $16.42 and its two-hundred day moving average is $18.82. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 58.27 and a beta of 2.04. Bloomin’ Brands has a 52 week low of $14.72 and a 52 week high of $30.13. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46.

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

About Bloomin’ Brands

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.