HomeMarket NewsSmall CapsInvestors Brace for Lower Q1 Earnings from Cracker Barrel; Analysts Sharpshoot Forecasts...

Investors Brace for Lower Q1 Earnings from Cracker Barrel; Analysts Sharpshoot Forecasts Before Earnings Call

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Cracker Barrel Old Country Store, Inc. CBRL is expected to release financial results for the fiscal first quarter ended Oct. 27, 2023., before the opening bell on Nov. 30, 2023.

Experts foresee the company to post quarterly earnings at 75 cents per share, down from year-ago earnings of 99 cents per share. The company’s revenue might land at $826.21 million for the latest quarter, according to data from Benzinga Pro.

In a turnaround from its performance in the fourth quarter, Cracker Barrel’s shares slid 0.1% to close at $75.11 on Wednesday.

Ever wonder what the latest ratings from the Analyst Stock Ratings page look like? Dive right in.

Take a peek at how Benzinga’s most-accurate analysts have rated the company in recent times.

  • Citigroup analyst Jon Tower maintained a Sell rating and slashed the price target from $77 to $66 on Sept. 14, 2023. This analyst has an accuracy rate of 73%.
  • Loop Capital analyst Alton Stump maintained a Hold rating and cut the price target from $97 to $82 on Sept. 14, 2023. This analyst has an accuracy rate of 62%.
  • Truist Securities analyst Jake Bartlett maintained a Hold rating and lowered the price target from $85 to $79 on Sept. 14, 2023. This analyst has an accuracy rate of 79%.
  • UBS analyst Dennis Geiger maintained a Neutral rating and cut the price target from $100 to $75 on Sept. 14, 2023. This analyst has an accuracy rate of 71%.
  • Piper Sandler analyst Brian Mullan initiated coverage on the stock with a Neutral rating and a price target of $96 on July 18, 2023. This analyst has an accuracy rate of 84%.

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