Bloomin' Brands, Inc. (NASDAQ:BLMN) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Bloomin' Brands, Inc. (NASDAQ:BLMN) just released its latest quarterly results and things are looking bullish. Results overall were solid, with revenues arriving 2.1% better than analyst forecasts at US$944m. Higher revenues also resulted in substantially lower statutory losses which, at US$0.03 per share, were 2.1% smaller than the analysts expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, Bloomin' Brands' eleven analysts currently expect revenues in 2027 to be US$4.06b, approximately in line with the last 12 months. Per-share earnings are expected to shoot up 31% to US$1.12. Before this earnings report, the analysts had been forecasting revenues of US$4.05b and earnings per share (EPS) of US$1.11 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for Bloomin' Brands

There were no changes to revenue or earnings estimates or the price target of US$12.03, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Bloomin' Brands, with the most bullish analyst valuing it at US$15.00 and the most bearish at US$8.80 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's also worth noting that the years of declining revenue look to have come to an end, with the forecast stauing flat to the end of 2027. Historically, Bloomin' Brands' top line has shrunk approximately 1.8% annually over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 9.2% annually. Although Bloomin' Brands' revenues are expected to improve, it seems that it is still expected to grow slower than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$12.03, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Bloomin' Brands. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Bloomin' Brands going out to 2028, and you can see them free on our platform here..

Plus, you should also learn about the 2 warning signs we've spotted with Bloomin' Brands .

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