Bloomin’ Brands Inc (NASDAQ: BLMN) has reported E.P.S. of $0.33 for its second fiscal quarter (ending June 30) versus $0.77 for the same period a year ago — a decline of -57%. Relative to the consensus estimate of $0.58, this was a shortfall of $-0.25. For the latest four quarters through June 30, E.P.S. were $0.36 compared to $2.82 a year ago — a decline of -87%.
Recent Price Action
Bloomin’ Brands Inc (NASDAQ: BLMN) stock closed at $16.98 on 8/6/24 after a large decline of -7.2%. Moreover, unusually high trading volume at 179% of normal accompanied the decline. The stock has declined -15.7% during the last week and has been extremely weak relative to 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Bloomin’ Brands has a very high Appreciation Score of 85 but a very low Power Rating of 5, with the Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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