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Bloomin' Brands reported Quarter December 2021 earnings of $0.60 per share on revenue of $1.0 billion. The consensus earnings estimate was $0.52 per share on revenue of $1.0 billion. Revenue grew 28.9% on a year-over-year basis.
The company said it expects 2022 earnings of $2.35 to $2.45 per share on revenue of $4.30 billion to $4.35 billion. The current consensus earnings estimate is $2.38 per share on revenue of $4.35 billion for the year ending December 31, 2022.
Bloomin Brands is a casual dining restaurant company, with a portfolio of differentiated restaurant concepts. The Company' concepts include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.
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Since 17.02.2022 the stock is consolidating within an area ranging from $25.51 - $23.43.
WHAT DO I EXPECT NEXT?
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I can imagine that the Bloomin’ Brands stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $25.51 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $23.43 the trading scenario is invalid.
What are your thoughts? Leave a comment down below 👇
🚫 No investment advice, I am just displaying my personal opinion which might be wrong!
