Bloomin’ Brands (NASDAQ:BLMN) Updates 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 Analyst Weigh In

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

Bloomin’ Brands Price Performance

Shares of Bloomin’ Brands stock opened at $15.15 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 3.46. The firm has a fifty day simple moving average of $16.42 and a 200-day simple moving average of $18.82. The stock 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 1-year low of $14.72 and a 1-year high of $30.13.

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

Bloomin’ Brands Company Profile

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.