Bloomin' Brands Inc reports results for the quarter ended March 31 - Earnings Summary

• Bloomin' Brands Inc BLMN.OQ reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 42 cents to 61 cents per share.

• Revenue fell 12.2% to $1.05 billion from a year ago; analysts expected $1.03 billion.

• Bloomin' Brands Inc's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $42.15 million.

• Bloomin' Brands Inc shares had risen by 10.6% this quarter and lost 35.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.8% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "hold"

• Wall Street's median 12-month price target for Bloomin' Brands Inc is $9.25

This summary was machine generated from LSEG data May 7 at 01:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)