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Red Robin (RRGB) to Report Q4 Earnings: What's in Store?
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Red Robin Gourmet Burgers, Inc. (RRGB - Free Report) is scheduled to report fourth-quarter fiscal 2021 results on Mar 10, after the closing bell. In the last reported quarter, the company delivered a negative earnings surprise of 95.6%.
Q4 Estimates
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter bottom line is pegged at a loss of 57 cents per share. In the prior-year quarter, the company reported a loss per share of $1.79. The consensus mark for revenues stands at $291.5 million, suggesting growth of 45% year over year.
Factors at Play
Red Robin's fiscal fourth-quarter performance is likely to have benefited from robust off-premise sales, reopening of dining rooms and higher average guest check. The company has been gaining from its robust loyalty program. In the third quarter of fiscal 2021, the company made solid progress in its digital space in terms of a new loyalty platform (powered by Punchh), two new mobile apps (in iOS and Android platforms) and a new website. This is likely to have aided the company in the quarter to be reported. The company anticipates the integration of a loyalty program with its upcoming app and enhanced website to create a more user-friendly and efficient online ordering platform.
Robust restaurant revenues are likely to have favored the company’s fourth-quarter performance. The Zacks Consensus Estimate for restaurant revenues is pegged at $285 million, suggesting growth of 45.4% year over year.
Higher costs are likely to have weighed on the company’s bottom line. Red Robin has been witnessing rising costs and expenses in the recent quarters. The company has been investing heavily in several sales building initiatives like advertising and technical upgrades, which might have resulted in elevated costs.
Red Robin Gourmet Burgers, Inc. Price and EPS Surprise
Our proven model doesn’t conclusively predict an earnings beat for Red Robin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: Red Robin has an Earnings ESP 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company has a Zacks Rank #4 (Sell).
Casey's General Stores (CASY - Free Report) currently has an Earnings ESP of +5.19% and a Zacks Rank #2. The company is expected to register bottom-line growth when it reports third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings per share of $1.45 suggests growth of 39.4% from the year-ago quarter’s reported figure.
Casey's top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $3.06 billion, indicating an increase of 52.3% from the year-ago quarter. CASY has a trailing four-quarter earnings surprise of 20.1%, on average.
Boot Barn Holdings (BOOT - Free Report) currently has an Earnings ESP of +0.25% and a Zacks Rank #1. The company is likely to register an increase in the bottom line when it reports fourth-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $1.30 suggests an increase of 73.3% from the year-ago reported number.
Boot Barn Holdings’ top line is expected to increase year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $345.2 million, which suggests an improvement of 33.3% from the prior-year quarter. BOOT has a trailing four-quarter earnings surprise of 20%, on average.
DICK'S Sporting Goods (DKS - Free Report) currently has an Earnings ESP of +0.34% and a Zacks Rank #3. The company is likely to register bottom-line improvement when it reports fourth-quarter fiscal 2021 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $3.54 suggests an increase of 45.7% from the year-ago reported figure.
DICK'S Sporting Goods’ top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.30 billion, which indicates an improvement of 5.8% from the figure reported in the prior-year quarter. DKS has a trailing four-quarter earnings surprise of 104.2%, on average.
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Red Robin (RRGB) to Report Q4 Earnings: What's in Store?
Red Robin Gourmet Burgers, Inc. (RRGB - Free Report) is scheduled to report fourth-quarter fiscal 2021 results on Mar 10, after the closing bell. In the last reported quarter, the company delivered a negative earnings surprise of 95.6%.
Q4 Estimates
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter bottom line is pegged at a loss of 57 cents per share. In the prior-year quarter, the company reported a loss per share of $1.79. The consensus mark for revenues stands at $291.5 million, suggesting growth of 45% year over year.
Factors at Play
Red Robin's fiscal fourth-quarter performance is likely to have benefited from robust off-premise sales, reopening of dining rooms and higher average guest check. The company has been gaining from its robust loyalty program. In the third quarter of fiscal 2021, the company made solid progress in its digital space in terms of a new loyalty platform (powered by Punchh), two new mobile apps (in iOS and Android platforms) and a new website. This is likely to have aided the company in the quarter to be reported. The company anticipates the integration of a loyalty program with its upcoming app and enhanced website to create a more user-friendly and efficient online ordering platform.
Robust restaurant revenues are likely to have favored the company’s fourth-quarter performance. The Zacks Consensus Estimate for restaurant revenues is pegged at $285 million, suggesting growth of 45.4% year over year.
Higher costs are likely to have weighed on the company’s bottom line. Red Robin has been witnessing rising costs and expenses in the recent quarters. The company has been investing heavily in several sales building initiatives like advertising and technical upgrades, which might have resulted in elevated costs.
Red Robin Gourmet Burgers, Inc. Price and EPS Surprise
Red Robin Gourmet Burgers, Inc. price-eps-surprise | Red Robin Gourmet Burgers, Inc. Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Red Robin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: Red Robin has an Earnings ESP 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Posed to Beat earnings
Casey's General Stores (CASY - Free Report) currently has an Earnings ESP of +5.19% and a Zacks Rank #2. The company is expected to register bottom-line growth when it reports third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings per share of $1.45 suggests growth of 39.4% from the year-ago quarter’s reported figure.
Casey's top line is anticipated to rise year over year. The consensus mark for revenues is pegged at $3.06 billion, indicating an increase of 52.3% from the year-ago quarter. CASY has a trailing four-quarter earnings surprise of 20.1%, on average.
Boot Barn Holdings (BOOT - Free Report) currently has an Earnings ESP of +0.25% and a Zacks Rank #1. The company is likely to register an increase in the bottom line when it reports fourth-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $1.30 suggests an increase of 73.3% from the year-ago reported number.
Boot Barn Holdings’ top line is expected to increase year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $345.2 million, which suggests an improvement of 33.3% from the prior-year quarter. BOOT has a trailing four-quarter earnings surprise of 20%, on average.
DICK'S Sporting Goods (DKS - Free Report) currently has an Earnings ESP of +0.34% and a Zacks Rank #3. The company is likely to register bottom-line improvement when it reports fourth-quarter fiscal 2021 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $3.54 suggests an increase of 45.7% from the year-ago reported figure.
DICK'S Sporting Goods’ top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.30 billion, which indicates an improvement of 5.8% from the figure reported in the prior-year quarter. DKS has a trailing four-quarter earnings surprise of 104.2%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.