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CBRL
Benzinga
3 hrs

Top Wall Street Forecasters Revamp Cracker Barrel Expectations Ahead Of Q4 Earnings

1. CBRL expects Q4 earnings of 77 cents, down from 98 cents last year. 2. Projected revenue for the quarter is $855.3 million, down from $894.39 million. 3. Cracker Barrel will halt interior modernization after public backlash last month. 4. Analysts vary in ratings, with some maintaining Sell and Buy ratings. 5. CBRL shares fell 1.8% to close at $51.17 last Friday.

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FAQ

Why Bearish?

Declining earnings projections and revenue drop predictably signal investor concerns, historically leading to price declines.

How important is it?

The article provides critical updates about CBRL’s earnings expectations and strategic shifts, influencing investor sentiment significantly.

Why Short Term?

Immediate market reactions to earnings reports and changes in company strategy typically drive short-term stock movements.

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