Bloomin BrandsNASDAQ: BLMN

Massive conversions of convertible debt into equity most likely played a major role in the sharp decline in the stock price over the last 4 months. Should one look at the glass half full, though, a sizeable chunk of the debt maturing in 2025 was shed from the company's balance sheet in the process. The company is in discussions with interested parties regarding the sale of its Brazil business, which, if it materializes, would probably mean a hefty windfall of cash for the company.

Instead of just focusing on Wall Street's projected earnings for Bloomin' Brands (BLMN), it's important to analyze key metrics to better understand the company's potential performance in the first quarter of 2024.

Bloomin' Brands, Inc. (Nasdaq: BLMN) will announce its fiscal first quarter results for the period ending March 31, 2024, on Tuesday, May 7, 2024, at around 6:45 AM EDT. A conference call to discuss the financial results will follow at 8:00 AM EDT on the same day. The call will be streamed live on the company's website at http://www.bloominbrands.com in the Investors section. A replay of the webcast will also be accessible on the website post-call.

Bloomin' Brands Inc. NASDAQ: BLMN is among the latest in a series of companies to be getting attention from activist investors who want to see change that would make their shares grow in value.

While the top- and bottom-line numbers for Bloomin' Brands (BLMN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Bloomin' Brands NASDAQ: BLMN served mixed results for Q4 and provided tepid guidance, but repositioning efforts have the restaurant stock set up to blossom in 2024. A massive closure effort intended to trim older, underperforming assets in favor of new and new assets is underway, and results have begun to show.

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago.

Besides Wall Street's top -and-bottom-line estimates for Bloomin' Brands (BLMN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM EST, which will be followed by a conference call to review its financial results at 8:00 AM EST the same day. The call will be webcast live from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company's website after.