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On Thursday, December 03, Cracker Barrel Old (NASDAQ:CBRL) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts covering Cracker Barrel Old modeled for quarterly EPS of $0.34 on revenue of $636.85 million. In the same quarter last year, Cracker Barrel Old reported earnings per share of $1.9 on sales of $749.04 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 82.11% decrease in the company's earnings. Revenue would be down 14.98% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
Shares of Cracker Barrel Old were trading at $142.1 as of December 01. Over the last 52-week period, shares are down 8.87%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Cracker Barrel Old is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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