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Bloomin' Brands (BLMN) Reports Q4: Everything You Need To Know Ahead Of Earnings

StockStory - Thu Feb 22, 1:01AM CST

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Restaurant company Bloomin’ Brands (NASDAQ:BLMN) will be reporting earnings tomorrow before the bell. Here's what to expect.

Last quarter Bloomin' Brands reported revenues of $1.08 billion, up 2.3% year on year, missing analyst expectations by 0.2%. It was a slower quarter for the company, with underwhelming earnings guidance for the next quarter and the full year.

Is Bloomin' Brands buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Bloomin' Brands's revenue to grow 9.4% year on year to $1.20 billion, improving on the 4.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share.

Bloomin' Brands Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing two upward and two downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Bloomin' Brands's peers in the sit-down dining segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Texas Roadhouse delivered top-line growth of 15.3% year on year, beating analyst estimates by 0.3% and Brinker International reported revenues up 5.4% year on year, missing analyst estimates by 0.4%. Both stocks (Texas Roadhouse and Brinker International) traded flat on the results.

Read our full analysis of Texas Roadhouse's results here and Brinker International's results here.

Investors in the sit-down dining segment have had steady hands going into the earnings, with the stocks up on average 1.8% over the last month. Bloomin' Brands is up 3.6% during the same time, and is heading into the earnings with analyst price target of $28.6, compared to share price of $26.73.

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