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Bloomin' Brands (BLMN) Gains But Lags Market: What You Should Know

Bloomin' Brands (BLMN) closed at $24.90 in the latest trading session, marking a +0.16% move from the prior day. The stock lagged the S&P 500's daily gain of 1.33%. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 2.94%.

Coming into today, shares of the owner of Outback Steakhouse and other casual dining spots had lost 2.16% in the past month. In that same time, the Retail-Wholesale sector gained 4.7%, while the S&P 500 gained 6.11%.

Wall Street will be looking for positivity from Bloomin' Brands as it approaches its next earnings report date. This is expected to be April 28, 2023. The company is expected to report EPS of $0.87, up 8.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.21 billion, up 6.09% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.93 per share and revenue of $4.73 billion, which would represent changes of +16.27% and +7.07%, respectively, from the prior year.

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It is also important to note the recent changes to analyst estimates for Bloomin' Brands. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.18% higher. Bloomin' Brands is holding a Zacks Rank of #1 (Strong Buy) right now.

Looking at its valuation, Bloomin' Brands is holding a Forward P/E ratio of 8.48. This valuation marks a discount compared to its industry's average Forward P/E of 24.39.

Investors should also note that BLMN has a PEG ratio of 0.69 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BLMN's industry had an average PEG ratio of 1.93 as of yesterday's close.

The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Bloomin' Brands, Inc. (BLMN) : Free Stock Analysis Report

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