Shareholders might have noticed that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) filed its second-quarter result this time last week. The early response was not positive, with shares down 5.5% to US$42.82 in the past week. The result was positive overall – although revenues of US$949m were in line with what the analysts predicted, Cracker Barrel Old Country Store surprised by delivering a statutory profit of US$0.99 per share, modestly greater than expected. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Check out our latest analysis for Cracker Barrel Old Country Store
Following last week’s earnings report, Cracker Barrel Old Country Store’s nine analysts are forecasting 2025 revenues to be US$3.47b, approximately in line with the last 12 months. Statutory earnings per share are predicted to soar 36% to US$2.20. Before this earnings report, the analysts had been forecasting revenues of US$3.46b and earnings per share (EPS) of US$2.18 in 2025. So it’s pretty clear that, although the analysts have updated their estimates, there’s been no major change in expectations for the business following the latest results.
The consensus price target fell 13% to US$46.71, suggesting that the analysts might have been a bit enthusiastic in their previous valuation – or they were expecting the company to provide stronger guidance in the quarterly results. That’s not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Cracker Barrel Old Country Store, with the most bullish analyst valuing it at US$51.00 and the most bearish at US$39.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Cracker Barrel Old Country Store is an easy business to forecast or the the analysts are all using similar assumptions.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Cracker Barrel Old Country Store’s past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 2.2% annualised decline to the end of 2025. That is a notable change from historical growth of 6.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 9.7% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining – Cracker Barrel Old Country Store is expected to lag the wider industry.
