Earnings Estimates Rising for Brinker International (EAT): Will It Gain?

Core Insights - Brinker International has received a Zacks Rank 1 (Strong Buy) due to significant upward revisions in earnings estimates, indicating strong analyst optimism about the company's earnings prospects [5][7]. Estimate Revisions - Over the past 30 days, three estimates for Brinker International have been revised upward, leading to an 18.82% increase in the Zacks Consensus Estimate [2]. - The current-quarter estimate is projected at $1.64 per share, reflecting a year-over-year increase of +65.66% [9]. - For the full year, the earnings estimate is expected to be $5.91 per share, representing a year-over-year change of +44.15% [10]. - The trend in estimate revisions for the current year is also positive, with three estimates moving higher and a 7.07% increase in the consensus estimate [4]. Analyst Sentiment - There is strong agreement among analysts in raising earnings estimates for Brinker International, which has significantly boosted consensus estimates for both the next quarter and the full year [8]. - The correlation between earnings estimate revisions and stock price movements suggests that the positive revisions may lead to further stock price appreciation [3]. Stock Performance - The stock has increased by 5.1% over the past four weeks, driven by favorable estimate revisions, indicating potential for further upside [12]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a strong investment case for Brinker International [11].