Cracker Barrel Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is set to release its Q4 earnings on Sept. 19, with expected earnings of $1.10 per share, down from $1.79 last year, and projected revenue of $897.38 million, up from $836.73 million. Recent analyst actions include multiple downgrades and price target cuts.
September 17, 2024 | 6:56 am
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NEGATIVE IMPACT
Cracker Barrel is expected to report lower EPS but higher revenue for Q4. Analysts have recently downgraded the stock and cut price targets, indicating cautious sentiment.
The expected drop in EPS and recent analyst downgrades and price target cuts suggest a negative short-term outlook for Cracker Barrel. The stock's recent price increase may not be sustainable given the cautious sentiment from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100