Trading around EAT's upcoming earnings report? Here's a quick overview of what's going on:

Brinker International (EAT) is going to report earnings on August 24. Here's a few things you should know about before the report drops.

An EPS (earnings per share) of $1.17, GAAP of $1.18, on revenue of $1.01B is expected to be reported by Brinker International according to analyst consensus. Over the last 90 days, analysts have lowered estimates 9 times and raised them once.

Bulls will want to hear that the company beat the analysts' estimates and that the beat is on unexpectedly higher revenues. They'll also want the company to paint a picture that leads analysts to conclude this is just the start of an robust growth story that will play out in the following quarters.

On the other side of the fence, EAT bears will be looking for the opposite. They want the EPS to underperform analysts' expectations and to be strong a signal of the company's decline in coming quarters.

If you haven't traded too many earnings reports, it's important to be aware that a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report. As you see more of these reports, your ability to recognize changes in investor sentiment will improve.

Share price moves can have an impact on existing shareholder sentiment. As of August 16 shares of EAT are trading at $32.85. Over the last 52-week period, the price is down -40.84%.