Restaurant company Cracker Barrel Old Country Store (NASDAQ:CBRL) will try to get investors and analysts focused on growth plans instead of a poorly received logo change when the company reports fourth-quarter financial results after market close on Wednesday.
Here are the earnings estimates, what analysts are saying ahead of the report and key items to watch.
Earnings Estimates: Analysts expect Cracker Barrel to report fourth-quarter revenue of $855.3 million, down from $894.4 million in last year’s fourth quarter, according to data from Benzinga Pro.
The company missed analyst estimates for revenue in the third quarter and has missed revenue estimates in seven of the last 10 quarters.
Analysts expect the company to report earnings of 80 cents per share in the fourth quarter, down from 98 cents per share in last year’s fourth quarter.
The company has beaten analyst estimates for earnings per share in two straight quarters and in five of the last 10 quarters overall.
Read Also: Cracker Barrel Backtracks On Store Remodels: ‘The Vintage Americana You Love Will Always Be Here’
What Analysts Are Saying: The setup for Cracker Barrel is “highly uncertain” heading into the earnings report, Truist analyst Jake Bartlett said in a new investor note.
The analyst maintained a Buy rating and lowered the price target from $65 …