Bloomin’ Brands Inc (NASDAQ: BLMN) has reported a loss for its first fiscal quarter (ending March 31) of $-0.96 versus $1.02 for the same period a year ago — a decline of -194%. This performance was $-1.81 short of the consensus estimate of $0.85. For the latest four quarters through March 31, E.P.S. were $0.81 versus $1.32 for the same period a year ago — a decline of -39%.
Recent Price Action
Bloomin’ Brands Inc (NASDAQ: BLMN) stock closed at $23.96 on 5/7/24 after a decline of -4.0%. Moreover, unusually high trading volume at 187% of normal accompanied the decline. The stock has declined -10.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BLMN is expected to continue to be a major Value Builder.
Bloomin’ Brands has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Bloomin’ Brands has a neutral Power Rating of 54 but a good Appreciation Score of 79, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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