Cracker Barrel Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is expected to report lower earnings for Q1 fiscal year ended Oct. 27, 2023, with analysts predicting earnings of 75 cents per share compared to 99 cents per share a year ago. Revenue is anticipated to be $826.21 million. The company outperformed expectations in Q4. Ahead of the earnings call, several analysts have revised their ratings and price targets for CBRL. Citigroup, Loop Capital, Truist Securities, UBS, and Piper Sandler have all provided updates, with price targets ranging from $66 to $96.
November 30, 2023 | 7:17 am
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Cracker Barrel is anticipated to report lower Q1 earnings with a predicted EPS of 75 cents, down from 99 cents a year ago, and revenue of $826.21 million. Analysts have revised their price targets and ratings, indicating mixed expectations.
The expected decrease in earnings per share (EPS) from 99 cents to 75 cents is a significant drop, which is likely to negatively impact investor sentiment and the stock price in the short term. The revisions of price targets and ratings by analysts further support the expectation of a negative impact, as they suggest a cautious or bearish outlook on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100