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4 Restaurant Stock Earnings Reports To Watch For This Week: (BOJA, FOGO, WEN, SHAK)
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The current earnings cycle is coming to an end, but this week still has a multitude of companies slated to report their most recent quarter’s financial results.
One industry that will see a multitude of its members release financial results is the restaurant industry, The restaurant industry is often closely watched by many, as the performance of its members often times presents good insight into the overall state of the economy and where its headed, in addition to showing if and where consumer spending is occurring.
This week will see several restaurant companies release their most recent quarter’s financial results, but we’ve picked 4 that we here at Zacks will be watching for, and that you may want to keep an eye out for too.
Bojangles Inc.
Bojangles Inc. is the first of the group to report, as it is scheduled to release its second quarter 2016 financial results on Monday August 8th. BOJA is currently a Zacks Rank #4 (Sell), and shares of the company are up about 11.5% year-to-date.
Heading into the company’s earnings release, the Zacks Consensus Estimate for the quarter’s EPS stands at $0.23. The Zacks Consensus Estimate for quarterly revenue stands at $132.76 million. In its most recent quarter the company reported an earnings beat of 16.67%, making it the fourth quarter in a row it was able to post earnings that beat estimates.
Next on the list of restaurants to report earnings next week is Fogo De Chao Inc. , owner and operator of Brazilian Steakhouses across the U.S. The company will release its earnings report on Tuesday, after market close. FOGO is currently a Zacks Rank #4 (Sell) stock, and shares of the company are down more than 8% year-to-date.
The current Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.25, and stands at $73.31 million for revenue. In its most recent earnings report, FOGO posted a lower-than-expected EPS figure, which represented an 8.7% miss. In the last 4 quarters, the company has that miss, two earnings meets, and one beat, which was a major one at 77.78%.
Wednesday before the market opens, the world’s third-largest quick-service hamburger company The Wendy’s Co. (WEN - Free Report) will report its second quarter 2016 financial results. The company is currently a Zacks Rank #4 (Sell), and shares of the company are down almost 6% year-to-date.
The Zacks Consensus Estimate for Wendy’s EPS stands at $0.09, and is currently $367.44 million for quarterly revenue. In its latest earnings report, the company posted an earnings beat of 83.33%, which was its third quarter in a row beating on earnings. Over its last 4 quarters, Wendy’s has posted an average earnings surprise of 23.45%.
Finally, after market close on Wednesday, fast casual burger chain Shake Shack Inc. (SHAK - Free Report) will report its second quarter 2016 financial results. SHAK is currently a Zacks Rank #3 (Hold), and shares of the company are up just over 3% year-to-date.
The current Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.13, and stands at $63.21 million for the quarter’s revenue. In its most recent earnings report, SHAL posted an earnings beat of 33.33%, as it posted EPS that was $0.06 higher than the Zacks Consensus Estimate. The beat added to the company’s streak of doing so, as it has beat on earnings estimates in each of the last 4 quarters posting an average earnings surprise of 71.43%.
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4 Restaurant Stock Earnings Reports To Watch For This Week: (BOJA, FOGO, WEN, SHAK)
The current earnings cycle is coming to an end, but this week still has a multitude of companies slated to report their most recent quarter’s financial results.
One industry that will see a multitude of its members release financial results is the restaurant industry, The restaurant industry is often closely watched by many, as the performance of its members often times presents good insight into the overall state of the economy and where its headed, in addition to showing if and where consumer spending is occurring.
This week will see several restaurant companies release their most recent quarter’s financial results, but we’ve picked 4 that we here at Zacks will be watching for, and that you may want to keep an eye out for too.
Bojangles Inc.
Bojangles Inc. is the first of the group to report, as it is scheduled to release its second quarter 2016 financial results on Monday August 8th. BOJA is currently a Zacks Rank #4 (Sell), and shares of the company are up about 11.5% year-to-date.
Heading into the company’s earnings release, the Zacks Consensus Estimate for the quarter’s EPS stands at $0.23. The Zacks Consensus Estimate for quarterly revenue stands at $132.76 million. In its most recent quarter the company reported an earnings beat of 16.67%, making it the fourth quarter in a row it was able to post earnings that beat estimates.
BOJANGLES INC Price and EPS Surprise
BOJANGLES INC Price and EPS Surprise | BOJANGLES INC Quote
Fogo De Chao
Next on the list of restaurants to report earnings next week is Fogo De Chao Inc. , owner and operator of Brazilian Steakhouses across the U.S. The company will release its earnings report on Tuesday, after market close. FOGO is currently a Zacks Rank #4 (Sell) stock, and shares of the company are down more than 8% year-to-date.
The current Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.25, and stands at $73.31 million for revenue. In its most recent earnings report, FOGO posted a lower-than-expected EPS figure, which represented an 8.7% miss. In the last 4 quarters, the company has that miss, two earnings meets, and one beat, which was a major one at 77.78%.
FOGO DE CHAO Price and EPS Surprise
FOGO DE CHAO Price and EPS Surprise | FOGO DE CHAO Quote
The Wendy’s Co. (WEN - Free Report)
Wednesday before the market opens, the world’s third-largest quick-service hamburger company The Wendy’s Co. (WEN - Free Report) will report its second quarter 2016 financial results. The company is currently a Zacks Rank #4 (Sell), and shares of the company are down almost 6% year-to-date.
The Zacks Consensus Estimate for Wendy’s EPS stands at $0.09, and is currently $367.44 million for quarterly revenue. In its latest earnings report, the company posted an earnings beat of 83.33%, which was its third quarter in a row beating on earnings. Over its last 4 quarters, Wendy’s has posted an average earnings surprise of 23.45%.
WENDYS CO/THE Price and EPS Surprise
WENDYS CO/THE Price and EPS Surprise | WENDYS CO/THE Quote
Shake Shack Inc. (SHAK - Free Report)
Finally, after market close on Wednesday, fast casual burger chain Shake Shack Inc. (SHAK - Free Report) will report its second quarter 2016 financial results. SHAK is currently a Zacks Rank #3 (Hold), and shares of the company are up just over 3% year-to-date.
The current Zacks Consensus Estimate for the company’s Q2 EPS stands at $0.13, and stands at $63.21 million for the quarter’s revenue. In its most recent earnings report, SHAL posted an earnings beat of 33.33%, as it posted EPS that was $0.06 higher than the Zacks Consensus Estimate. The beat added to the company’s streak of doing so, as it has beat on earnings estimates in each of the last 4 quarters posting an average earnings surprise of 71.43%.
SHAKE SHACK INC Price and EPS Surprise
SHAKE SHACK INC Price and EPS Surprise | SHAKE SHACK INC Quote
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