Bloomin’ Brands Inc (NASDAQ: BLMN) has reported E.P.S. of $0.08 for its third fiscal quarter (ending September 30) versus $0.50 for the same period a year ago — a decline of -84%. This result fell short of the consensus estimate of $0.20 by $-0.12. For the latest four quarters through September 30, E.P.S. were $-0.06 compared to $2.96 a year ago — a decline of -102%.
Recent Price Action
On 11/8/24, Bloomin’ Brands Inc (NASDAQ: BLMN) stock suffered a large decline of -9.7%, closing at $15.15. Moreover, trading volume in this decline was exceptionally high at 352% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -8.7% during the last week.
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 (Low 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 88 but a very low Power Rating of 2, leading to the Low Neutral Value Trend Rating.
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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