Analysts have become increasingly bearish on Cracker Barrel Old Country Store in the month leading up to the company's second-quarter earnings announcement scheduled for Tuesday, February 24, 2015. The consensus analyst estimate has moved from $1.62 a share to the current prediction of earnings of $1.60 a share.
The consensus estimate has fallen over the past three months, from $1.63. Analysts are expecting earnings of $6.13 per share for the fiscal year. Revenue is expected to be $734.1 million for the quarter, 5% higher than the year-earlier total of $698.5 million. For the year, revenue is expected to come in at $2.82 billion.
A year-over-year revenue drop in the first quarter broke a streak of two straight quarters of revenue growth.
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 7%. The quarter with the biggest boost was the third quarter, which saw a 17% surge.
Cracker Barrel Old Country Store is engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept. The company operates over 500 full-service restaurants and gift shops in 41 states. Other companies in the restaurants industry with upcoming earnings release dates include: Biglari Holdings, Bravo Brio Restaurant Group and DineEquity.
Earnings estimates provided by Zacks.
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