FMP
May 29, 2024 10:00 AM - Rayan Ahmad
On Thursday, May 30, 2024, before the market opens, NASDAQ:CBRL, also known as Cracker Barrel Old Country Store, Inc., is scheduled to release their quarterly earnings. Wall Street estimates suggest an earnings per share (EPS) of $0.56, with the revenue for the quarter anticipated to be approximately $820.61 million. This forecast comes at a time when Cracker Barrel is expected to have faced significant challenges, including poor customer traffic, persistent inflation, and elevated interest rates, as highlighted by Zacks Investment Research. These factors are believed to have contributed to a forecasted significant year-over-year decline in quarterly earnings and a slight decline in revenue.
Cracker Barrel, a well-known entity in the casual dining and retail sector, is facing a tough fiscal third quarter. Analysts have forecast earnings of $0.56 per share, marking a decrease of 53.7% compared to the same quarter in the previous year. Revenue projections also indicate a slight drop, with expectations of around $826.55 million, a 0.7% decrease from the year-ago quarter. This anticipated performance reflects the broader challenges the company has encountered, including reduced customer visits and the impact of ongoing economic pressures.
In the 30 days leading up to the earnings report, there has been a notable downward revision of 13.1% in the consensus estimate for EPS for the quarter. This adjustment reflects a collective reassessment by analysts, suggesting a more cautious outlook on Cracker Barrel's financial performance. Such revisions are critical for investors, as they can significantly influence market reactions to the earnings report. Historical data supports a strong correlation between trends in earnings estimate revisions and subsequent stock price movements, indicating that the market may react negatively to these revised forecasts.
Despite the pessimistic forecast, there remains interest in whether Cracker Barrel can defy the odds and deliver a positive EPS surprise. The sustainability of any immediate price change and future earnings expectations will largely depend on the management's discussion of business conditions during the earnings call. A surpassing of expectations could lead to a rise in the stock price, whereas a failure to meet them might result in a decline. This upcoming earnings report is crucial for investors and analysts alike, as it will provide valuable insights into Cracker Barrel's ability to navigate the current economic challenges and its impact on the company's financial health.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...