Bloomin Brands (NASDAQ:BLMN) reported its Q4 earnings results on Friday, February 18, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Bloomin Brands beat estimated earnings by 15.38%, reporting an EPS of $0.6 versus an estimate of $0.52.
Revenue was up $234.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 5.72% increase in the share price the next day.
Here's a look at Bloomin Brands's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.56 | 0.65 | 0.33 | -0.01 |
| EPS Actual | 0.57 | 0.81 | 0.72 | 0.02 |
| Revenue Estimate | 1.04B | 1.03B | 954.33M | 863.90M |
| Revenue Actual | 1.01B | 1.08B | 987.47M | 812.50M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Bloomin Brands management provided guidance for their next quarter, expecting earnings between $0.7 and $0.75 per share for the next quarter.
This represents a 20.83% in quarter-over-quarter growth for Bloomin Brands, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
