Key Takeaways:
- Cracker Barrel's third-quarter earnings report is scheduled for June 5, with an expected EPS of $0.21.
- Analysts forecast a slight revenue increase to $822.43 million, despite a significant EPS decline.
- Current market sentiment shows a "Hold" status and potential long-term upside based on GF Value estimations.
Cracker Barrel's Upcoming Earnings Report
Cracker Barrel (CBRL, Financial) is poised to unveil its third-quarter earnings results on June 5. Analysts are projecting an earnings per share (EPS) of $0.21, reflecting a substantial 76.1% decline compared to the previous year. However, expectations for revenue stand at $822.43 million, marking a modest 0.7% increase. Notably, recent times have seen a greater number of downward revisions for both EPS and revenue estimates, highlighting cautious market sentiment.
Wall Street Analysts' Forecast and Price Targets
According to projections from seven analysts, the average one-year price target for Cracker Barrel Old Country Store Inc (CBRL, Financial) is set at $49.29, with the high-end estimate reaching $63.00 and the low-end estimate at $39.00. These predictions suggest a potential downside of 14.24% from the current trading price of $57.47. For more detailed forecast data, visit the Cracker Barrel Old Country Store Inc (CBRL) Forecast page.
Market Sentiment and GuruFocus GF Value Estimation
Based on insights from 10 brokerage firms, Cracker Barrel Old Country Store Inc's (CBRL, Financial) average brokerage recommendation stands at 3.2, which corresponds to a "Hold" status. This rating is on a scale where 1 reflects a Strong Buy and 5 indicates a Sell.
From a valuation perspective, GuruFocus estimates the GF Value for Cracker Barrel Old Country Store Inc (CBRL, Financial) one year from now to be $81.88. This suggests a promising upside potential of 42.47% relative to the current price of $57.47. The GF Value is GuruFocus's measure of the fair value at which the stock should be trading, calculated by considering historical multiples, past business growth, and anticipated future performance. For comprehensive data, refer to the Cracker Barrel Old Country Store Inc (CBRL) Summary page.
