In its upcoming report, Cracker Barrel Old Country Store (CBRL) is predicted by Wall Street analysts to post quarterly loss of -$0.68 per share, reflecting a decline of 251.1% compared to the same period last year. Revenues are forecasted to be $801.06 million, representing a year-over-year decrease of 5.2%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Cracker Barrel metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Retail' reaching $152.64 million. The estimate suggests a change of -5.7% year over year.
The consensus among analysts is that 'Revenues- Restaurant' will reach $648.49 million. The estimate suggests a change of -5.1% year over year.
The combined assessment of analysts suggests that 'Company-Owned Units - Cracker Barrel' will likely reach 657 . Compared to the present estimate, the company reported 660 in the same quarter last year.
It is projected by analysts that the 'Number of stores - Total (End of Period)' will reach 717 . The estimate compares to the year-ago value of 658 .
View all Key Company Metrics for Cracker Barrel here>>>
Shares of Cracker Barrel have experienced a change of -12.4% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CBRL is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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