Brinker International, the operator of Chili's Grill & Bar and Maggiano's Little Italy, has been rated Zacks Rank #2 (Buy) on the strength of recent upward revisions to consensus earnings estimates. For the current quarter, the company is expected to post earnings of $2.46 per share, a change of +27.5% from the year-ago quarter, with the Zacks Consensus Estimate up +13% over the last 30 days. The consensus earnings estimate of $13.09 for the current fiscal year indicates a year-over-year change of +21.9% and has risen +6.9% over the past 30 days, while the next fiscal year's estimate of $14.05 indicates a change of +7.4% and has moved +5.9% over the past month. Consensus sales estimates stand at $1.45 billion for the current quarter, $6.28 billion for the current fiscal year and $6.44 billion for the next fiscal year, indicating year-over-year changes of +7.3%, +8.1% and +2.5%, respectively. In the last reported quarter, Brinker International posted revenues of $1.54 billion, up +5.1% year over year, and EPS of $3.07 versus $2.49 a year ago, with the revenue figure coming in +0.39% above the Zacks Consensus Estimate and the EPS surprise at 0%.
Brinker International IncBrinker earned Zacks Rank #2 (Buy) as consensus earnings estimates were revised upward, with current-quarter EPS expected +27.5% YoY.
