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Investing.com - BMO Capital has lowered its price target on Bloomin’ Brands (NASDAQ:BLMN) to $8.00 from $9.00 while maintaining a Market Perform rating. The stock currently trades at $6.21, near its 52-week low of $6.09, offering a substantial 9.67% dividend yield. According to InvestingPro analysis, the stock appears undervalued at current levels.
The restaurant company reported second-quarter earnings per share of $0.33, exceeding consensus estimates by $0.05. This outperformance came from modest comparable sales upside and favorable taxes, which offset lower restaurant margins. Trading at a P/E ratio of 9.94x, the stock has attracted attention from analysts, with five recently revising their earnings estimates upward, as revealed by InvestingPro’s comprehensive analysis.
Despite the quarterly earnings beat, Bloomin’ Brands faces persistent challenges with blended comparable sales, including a 10% traffic decline on a three-year basis.
The company has reduced its 2025 earnings guidance at the midpoint by approximately 20% to $1.00-$1.10 per share, below the consensus estimate of $1.23. The third-quarter earnings projection also falls significantly short of analyst expectations.
BMO Capital acknowledged the principles guiding Bloomin’ Brands’ turnaround strategy but noted that success may require "an extended timeline and more substantial margin investments," leading to the reduced price target.
In other recent news, Bloomin’ Brands reported its second-quarter earnings for 2025, exceeding Wall Street forecasts. The company achieved an adjusted earnings per share (EPS) of $0.32, surpassing the expected $0.28. Revenue for the quarter also came in higher than anticipated, reaching $1 billion against the forecasted $979.94 million. Despite these positive results, Bloomin’ Brands’ guidance indicates a challenging outlook, with third-quarter EPS expected to range from -$0.05 to -$0.10. These developments have captured the attention of investors and analysts alike.
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