This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Cracker Barrel Old will announce its quarterly financial results today. Traders should take this into account as the share price often fluctuates around this time period.

Cracker Barrel shares fell 0.4% to close at $74.50 on Monday. CBRL earnings call for the period ending December 31, 2020. At current levels, Cracker Barrel is a flavorful combination of good value and growth potential supported by very healthy fundamentals.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. One share of CBRL stock can currently be purchased for approximately $74.18. I’ve been right in 62 of the past 98 weeks, or 63% of the time. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days.

Cracker Barrel Old Country Store (CBRL Quick QuoteCBRL – Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2023. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. 6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Cracker Barrel Old Country Store in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” CBRL shares.

CBRL Stock – Frequently Asked Questions

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Cracker Barrel Old Country Store’s stock was trading at $94.74 at the start of the year.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. CMG released mixed second-quarter fiscal 2023 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. CBRL is scheduled to report fourth-quarter fiscal 2023 results on Sep 13. In the last reported quarter, CBRL reported a negative earnings surprise of 9%.

Adobe’s top line rose at its weakest clip in eight years in 2022. The earnings beats are also not that impressive, beating Wall Street pro projections by just 2% or 3% over the past year. With the stock up 67% this year it can’t afford to put up merely ho-hum financial results this week.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. The restaurant chain offers long-term and dividend-oriented investors a unique business model that isn’t going away anytime soon. Cracker Barrel Old Country Store announced a quarterly dividend on Thursday, June 1st. Investors of record on Friday, July 21st will be given a dividend of $1.30 per share on Tuesday, August 8th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 7.01%.

It could be vulnerable as a high-beta stock if the market takes a step back in the historically weak month of September. High interest rates are making homebuyers reluctant to sell or refinance their homes, knowing that they will face much higher mortgage financing rates following the transaction. This is benefiting real estate developers building new homes to sell, but it’s a drag for Opendoor and the thinning herd of players still trying to buy existing homes and sell them later at a profit. While futures markets are in agreement that a pause is coming this month, traders are divided on the probability of a rate hike in November. These restaurant stocks might have possibilities, even with coronavirus still active in the U.S. The “old country” themed restaurant chain has bounced back from last summer’s painful plunge.

As restaurant inflation rises, Cracker Barrel is seeing consumers dining out less frequently, even as they order as much as ever each visit. The restaurant and gift store chain has gotten caught up in the uproar over woke culture. In 2022, CBRL’s revenue was $3.27 billion, an increase of 15.82% compared to the previous year’s $2.82 billion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Cracker Barrel Old Country Store® Welcomes Spring with New Value-Forward, Craveable Menu Items

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023. If you’re looking for safe stocks, you aren’t likely to find them in Opendoor, Adobe, and Cracker Barrel this week. Opendoor’s revenue is declining, and the avalanche is picking up the pace. Revenue has fallen by 25%, 39%, and 53% in its latest three quarters, respectively. Its doing a good job of keeping its costs in check to help improve its margins, but the flurry of top-line activity continues to be a problem.

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. I believe in the long-term potential for Opendoor to come out ahead. It has outlasted many rivals, leaving it in the pole position to win this race when mortgage rates retreat sharply in the future. But right now it seems as if this year’s gains aren’t warranted.

Cracker Barrel Old Country Store MarketRank™ Forecast

While calculating estimates for a company’s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number. This restaurant operator is expected to post quarterly earnings of $1.68 per share in its upcoming report, which represents a year-over-year change of +7%. Analysts expect the company to post quarterly earnings at $1.61 per share, up from year-ago earnings of $1.57 per share. The company’s revenue might come in at $842.92 million, compared to $830.4 million in the year-ago period. For the last reported quarter, it was expected that Cracker Barrel would post earnings of $1.33 per share when it actually produced earnings of $1.21, delivering a surprise of -9.02%.

• The “old country” themed restaurant chain has bounced back from last summer’s painful plunge.
• 6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Cracker Barrel Old Country Store in the last twelve months.
• This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release.
• The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 13.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

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According to 6 analysts, the average rating for CBRL stock is “Hold.” The 12-month stock price forecast is $98.5, which is an increase of 32.79% from the latest price. Shares of Cracker Barrel Old Country Store Inc. tumbled 11.5% in premarket trading Friday, after the home-style restaurant chain with retail stores inside missed fiscal first-quarter profit expectations, as cost inflation… There’s some retro rustic charm at Cracker Barrel, but a success story late in this earnings season isn’t likely to be on the menu. Cracker Barrel reports financial results on Wednesday morning for the fiscal fourth quarter that ended in late July.

Since then, CBRL shares have decreased by 21.7% and is now trading at $74.18. I sometimes turn to upcoming earnings reports to find potential candidates for this list, and Adobe is reporting fresh financials on Thursday afternoon. In the desktop publishing software giant’s defense, it doesn’t have many of the red flags that I typically see in a potential disappointment. I see Opendoor Technologies (OPEN), Adobe (ADBE -3.95%), and Cracker Barrel Old Country Store (CBRL -0.42%) as stocks you might want to consider steering clear of this week. Let’s go over my near-term concerns with all three investments.

Motley Fool Returns

On the other hand, the stock currently carries a Zacks Rank of #3. Revenues are expected to be $846.36 million, up 1.9% from the year-ago quarter. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

U.S. stocks end mixed, but book weekly gains as strong jobs data challenges Fed to push interest rates higher

Cracker Barrel’s fiscal fourth-quarter topline will likely benefit from its off-premise business model, Catering business and menu innovations (comprising of new flavor profiles). This and the emphasis on pricing strategy, loyalty program development (featuring retail and fun gaming elements) and new store openings will likely have aided the company’s performance in the to-be-reported quarter. Also, we expect adjusted store operating expenses to increase 1.1% year over year to $769.4 million. The Cheesecake Factory Incorporated CAKE reported mixed second-quarter fiscal 2023 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same.

Over the last four quarters, the company has beaten consensus EPS estimates two times. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model’s predictive power is significant for positive ESP readings only.

The reported figure suggested a 69.2% year-over-year increase. Total revenues of $866.2 million missed the consensus estimate of $881 million by 1.7%. However, the top line increased by 4% on a year-over-year basis. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The company’s Cracker Barrel stores consist of a restaurant with a gift shop. One of this year’s biggest surprises is the wealth-altering success of owning Opendoor Technologies. The flipper of residential real estate has more than tripled in 2023, and that was even with a negative market reaction to last month’s second-quarter performance.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Cracker Barrel Old Country Store’s stock is owned by many different institutional and retail investors. Cracker Barrel Old Country Store announced that its board has initiated a share buyback program on Tuesday, June 7th 2022, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Quarterly revenues of $2,514.8 million missed the consensus mark of $2,524 million. The upside can primarily be attributed to strong comparable restaurant sales growth and new restaurant openings. QSR reported impressive second-quarter 2023 results, forex arbitrage with earnings and revenues surpassing the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The bottom line increased 3.7% from an adjusted EPS of 82 cents reported in the prior-year quarter.