NEW YORK (TheStreet) -- Shares of Brinker Int'l (EAT) - Get Report were falling on heavy trading volume late Tuesday morning after the casual-dining company reported weaker-than-anticipated results for the fiscal 2017 first quarter.
Before the opening bell, the Dallas-based company posted adjusted earnings of 49 cents per share, below Wall Street's projections of 55 cents per share.
Revenue slid 0.5% year-over-year to $758.5 million and missed analysts' estimates of $775.3 million.
System-wide same-store sales fell 1.1% year-over-year in the quarter. Wall Street was modeling a 0.2% drop.
For the fiscal year, Brinker expects adjusted earnings per share between $3.40 and $3.50 vs. analysts' forecasts for $3.47 per share, the Fly reports.
The operator of Chili's Grill & Bar and Maggiano's Little Italy restaurant chains has struggled to compete in recent quarters as customers seek healthier options, according to the Wall Street Journal.
More than 1.83 million shares of Brinker have traded hands so far today vs. the 30-day average volume of 1.18 million shares.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
You can view the full analysis from the report here: EAT