Brinker International Inc. (NYSE:EAT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.31%.
Brinker International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 123700% to $742.8 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Decreased 99.9% to $720,000 from the year-earlier quarter.
Actual vs. Wall St. Expectations: Brinker International Inc. reported adjusted EPS income of $742.8 per share. By that measure, the company beat the mean analyst estimate of $0.69. It missed the average revenue estimate of $741.61 million.
Quoting Management: “Brinker delivered a 20 percent increase in EPS for the quarter, despite a tough industry sales environment,” said Wyman Roberts, President and Chief Executive Officer. “We’ve remained steadfast in executing our initiatives and are realizing the benefits of our strengthened business model. As such, we are confident we will meet our 2010 promise of doubling EPS as early as next fiscal year.”
Key Stats (on next page)…
Revenue decreased 99.9% from $689.76 million in the previous quarter. EPS increased 148460% from $0.50 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.74 to a profit $0.77. For the current year, the average estimate is a profit of $2.32, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)