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Bloomin' Brands Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
BLMNBloomin’ Brands(BLMN) Benzinga·2024-11-08 07:56

Core Insights - Bloomin' Brands, Inc. is set to release its third-quarter earnings results on November 8, with analysts expecting earnings of 20 cents per share, a decrease from 44 cents per share in the same period last year [1] - The company is projected to report revenue of 1.04billionforthequarter,downfrom1.04 billion for the quarter, down from 1.08 billion a year earlier [1] - Michael L. Spanos was appointed as the new Chief Executive Officer on August 26 [1] Stock Performance - Bloomin' Brands shares declined by 1.2%, closing at 16.78onThursday[2]AnalystRatings−BofASecuritiesanalystJustinPostmaintainedaNeutralratingandreducedthepricetargetfrom16.78 on Thursday [2] Analyst Ratings - B of A Securities analyst Justin Post maintained a Neutral rating and reduced the price target from 22 to 19[3]−BarclaysanalystJeffreyBernsteinkeptanOverweightratingbutcutthepricetargetfrom19 [3] - Barclays analyst Jeffrey Bernstein kept an Overweight rating but cut the price target from 22 to 20[3]−CitigroupanalystJonTowermaintainedaNeutralratingandloweredthepricetargetfrom20 [3] - Citigroup analyst Jon Tower maintained a Neutral rating and lowered the price target from 22 to 20[3]−DeutscheBankanalystLaurenSilbermanheldaHoldratinganddecreasedthepricetargetfrom20 [3] - Deutsche Bank analyst Lauren Silberman held a Hold rating and decreased the price target from 26 to 19[3]−UBSanalystDennisGeigermaintainedaNeutralratingandreducedthepricetargetfrom19 [3] - UBS analyst Dennis Geiger maintained a Neutral rating and reduced the price target from 26 to $18 [3]