Benzinga | Jul 29, 2021 10:43AM EDT

Bloomin Brands Earnings Preview

Bloomin Brands (NASDAQ:BLMN) unveils its next round of earnings this Friday, July 30. Get prepared with Benzinga's ultimate preview for Bloomin Brands's Q2 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Bloomin Brands management projections, analysts predict EPS of $0.65 on revenue of $1.03 billion. In the same quarter last year, Bloomin Brands announced EPS of $0.74 on revenue of $578.46 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to post earnings in line with the consensus estimate when it reports Friday, EPS would be up 187.84%. Revenue would be up 78.06% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.33 -0.01 -0.35 -1.15EPS Actual 0.72 0.02 -0.12 -0.74Revenue Estimate 954.33 M 863.90 M 745.03 M 589.50 MRevenue Actual 987.47 M 812.50 M 771.26 M 578.46 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

For a full 12 months, the return has risen by 117.8%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Bloomin Brands is scheduled to hold the call at 08:30:00 ET and can be accessed here.