Bloomin’ Brands (NASDAQ:BLMN) Releases Q3 2026 Earnings Guidance

Bloomin’ Brands (NASDAQ:BLMN) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.270–0.220 for the period, compared to the consensus EPS estimate of -0.190. The company issued revenue guidance of -. Bloomin’ Brands also updated its FY 2026 guidance to 0.900-1.000 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BLMN shares. UBS Group lifted their price objective on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Sanford C. Bernstein set a $9.00 price target on shares of Bloomin’ Brands in a research note on Thursday, May 7th. Weiss Ratings raised shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Citigroup cut their price objective on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Morgan Stanley boosted their price objective on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.53.

Bloomin’ Brands Price Performance

Shares of BLMN stock traded down $1.02 during trading hours on Thursday, reaching $10.82. The company’s stock had a trading volume of 2,229,213 shares, compared to its average volume of 2,576,322. The firm’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $7.17. The company has a market capitalization of $926.73 million, a price-to-earnings ratio of 43.23, a PEG ratio of 7.11 and a beta of 1.22. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $12.63.

Bloomin’ Brands (NASDAQ:BLMN) last posted its earnings results on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS. Sell-side analysts forecast that Bloomin’ Brands will post 0.86 earnings per share for the current year.

Key Stories Impacting Bloomin’ Brands

Here are the key news stories impacting Bloomin’ Brands this week:

• Positive Sentiment: Bloomin’ Brands reported second-quarter adjusted EPS of $0.39, exceeding the approximately $0.28–$0.29 analyst consensus, while revenue of $1.02 billion also topped expectations of about $1.00 billion. EPS increased from $0.32 a year earlier and revenue rose 1.3%. Bloomin’ Brands Announces 2026 Q2 Financial Results
• Positive Sentiment: The company raised its fiscal 2026 EPS outlook to $0.90–$1.00, above its previous view and slightly ahead of the roughly $0.88 consensus. Management cited progress in the Outback turnaround, improved margins and stronger sales. Bloomin’ Brands rallies as Q2 results beat expectations and raises FY26 profit outlook
• Positive Sentiment: Higher average customer check sizes, including demand for pricier steaks at Outback, helped support profitability and the improved forecast. Bloomin’ Brands Raises Earnings View on Higher Profit and Check Size
• Neutral Sentiment: The strong results triggered a substantial prior-session rally, increasing the possibility that investors are taking profits or viewing the improved outlook as already priced into BLMN. Bloomin’ Brands Following Q2 Earnings and Guidance Lift
• Negative Sentiment: Third-quarter EPS guidance of negative $0.27 to negative $0.22 is below the consensus estimate of negative $0.19, raising concerns about near-term earnings pressure despite the higher full-year outlook.

Institutional Investors Weigh In On Bloomin’ Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock valued at $16,489,000 after purchasing an additional 1,268,988 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Bloomin’ Brands by 115.9% in the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock worth $12,741,000 after purchasing an additional 1,108,500 shares in the last quarter. Broad Bay Capital Management LP bought a new position in Bloomin’ Brands during the 4th quarter valued at approximately $6,031,000. Nuveen LLC boosted its holdings in Bloomin’ Brands by 371.5% in the fourth quarter. Nuveen LLC now owns 1,057,233 shares of the restaurant operator’s stock worth $6,523,000 after acquiring an additional 832,982 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Bloomin’ Brands by 411.8% in the 2nd quarter. Marshall Wace LLP now owns 712,587 shares of the restaurant operator’s stock worth $6,135,000 after purchasing an additional 573,363 shares during the last quarter.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.