Countdown to Cracker Barrel (CBRL) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Cracker Barrel Old Country Store (CBRL) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year decline of 12.8%. Revenues are expected to be $915.84 million, down 1.9% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Cracker Barrel metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Retail' at $205.48 million. The estimate indicates a change of -4.8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Restaurant' should come in at $710.33 million. The estimate suggests a change of +1.1% year over year.
The consensus among analysts is that 'Comparable-store sales - Restaurant - YoY change' will reach -0.2%. Compared to the current estimate, the company reported 4.1% in the same quarter of the previous year.
It is projected by analysts that the 'Comparable-store sales - Retail - YoY change' will reach -6.1%. Compared to the present estimate, the company reported 8.4% in the same quarter last year.
The consensus estimate for 'Number of stores - Total (End of Period)' stands at 723. The estimate is in contrast to the year-ago figure of 660.
View all Key Company Metrics for Cracker Barrel here>>>
Shares of Cracker Barrel have demonstrated returns of -8.1% over the past month compared to the Zacks S&P 500 composite's +4.7% change. With a Zacks Rank #3 (Hold), CBRL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report
