Stock Analysis
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Brinker International Third Quarter 2024 Earnings: EPS Misses Expectations
Brinker International (NYSE:EAT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.12b (up 3.4% from 3Q 2023).
- Net income: US$48.7m (down 3.9% from 3Q 2023).
- Profit margin: 4.3% (down from 4.7% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.10 (down from US$1.15 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brinker International EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 15% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Brinker International has 3 warning signs we think you should be aware of.
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About NYSE:EAT
Brinker International
Engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally.
Solid track record and fair value.