RTTNews | Apr 29, 2021 10:15AM EDT

10:14 Thursday, April 29, 2021 (RTTNews.com) - Shares of Bloomin' Brands Inc. (BLMN) reached a 52-week high of $32.45 Thursday morning, and are currently trading at $31.85, up $3.04 or 10.55%, with trading volume rising over 1.90 million versus an average volume of 1.99 million shares.

The company reported Q1 net income of $70.2 million or $0.63 per share compared to a loss of $38.1 million or $0.44 per share last year. Total revenues amounted to $987.5 million, lower than the previous year's revenue of $1.01 billion.

Analysts polled by Thomson Reuters expected earnings of $0.32 per share on revenue of $952.74 million for the quarter. Analysts' estimate typically exclude certain special items.

Looking ahead, the company expects Q2 GAAP EPS to be at least $0.54, adjusted EPS of $0.60, and total revenue of at least $1.030 billion. Wall Street analysts estimate earnings of $0.24 per share on revenue of $919.38 million for the quarter.

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