Brinker International (EAT) Stock Jumps 10.1%: Will It Continue to Soar?

Brinker International (EAT) shares soared 10.1% in the last trading session to close at $146.29. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.3% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs across most countries for 90 days, the company’s shares soared, reflecting renewed investor optimism.This operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy is expected to post quarterly earnings of $2.43 per share in its upcoming report, which represents a year-over-year change of +96%. Revenues are expected to be $1.36 billion, up 21.7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Brinker International, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EAT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Brinker International is part of the Zacks Retail - Restaurants industry. Chipotle Mexican Grill (CMG), another stock in the same industry, closed the last trading session 10.8% higher at $50.93. CMG has returned -8% in the past month.Chipotle's consensus EPS estimate for the upcoming report has changed -1.4% over the past month to $0.28. Compared to the company's year-ago EPS, this represents a change of +3.7%. Chipotle currently boasts a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brinker International, Inc. (EAT): Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks