How To Earn $500 A Month From Cracker Barrel Stock After Earnings Beat
Portfolio Pulse from Priya Nigam
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported better-than-expected earnings for Q4 FY23, with an adjusted EPS of $1.79, beating the consensus estimate of $1.61. However, the company's revenue growth of 0.8% YoY to $836.7 million missed the analyst consensus of $842.61 million. The company expects Q1 sales of $800 million - $850 million. The company's dividend yield is currently 7.01%, with a quarterly dividend amount of $1.30 a share. The company's shares fell 3% to close at $71.93 on Wednesday.
September 14, 2023 | 1:02 pm
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Cracker Barrel's better-than-expected earnings could attract investors, but the missed revenue target and the 3% drop in share price could negatively impact the stock in the short term.
Cracker Barrel's earnings beat could be a positive signal to investors. However, the company's missed revenue target and the 3% drop in share price could be seen as negative indicators, potentially leading to a short-term decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100