Cracker Barrel Outdated Nation Retailer (CBRL) got here out with quarterly earnings of $0.69 per sh
Cracker Barrel Outdated Nation Retailer (CBRL) got here out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $2.15 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 64.29%. 1 / 4 in the past, it was anticipated that this restaurant operator would publish a lack of $0.55 per share when it really produced a lack of $0.85, delivering a shock of -54.55%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Cracker Barrel, which belongs to the Zacks Retail – Eating places business, posted revenues of $646.45 million for the quarter ended October 2020, surpassing the Zacks Consensus Estimate by 1.22%. This compares to year-ago revenues of $749.04 million. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Cracker Barrel shares have misplaced about 7.9% because the starting of the 12 months versus the S&P 500’s achieve of 13.6%.
What’s Subsequent for Cracker Barrel?
Whereas Cracker Barrel has underperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Cracker Barrel was favorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the entire listing of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.44 on $762.60 million in revenues for the approaching quarter and $5.16 on $2.84 billion in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Retail – Eating places is presently within the high 43% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Cracker Barrel Outdated Nation Retailer, Inc. (CBRL): Free Inventory Evaluation Report
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