This week, from Monday July 25th to Friday July 29th, represents the busiest week of the current earnings reporting cycle, with over 1000 public companies set to release their financial results for their most recent fiscal quarter.
One industry that many will have an eye on will be the restaurant industry, as investors and analysts alike look for recent increases in consumer spending to provide a boost for the industry’s members. Last week we saw Chipotle Mexican Grill (CMG - Free Report) miss on earnings and revenues estimates and show a worse-than-expected decline in same-store sales, while other companies like Dominos Pizza (DPZ - Free Report) posted much stronger results.
This week there are 4 restaurants that will be releasing their financial results that we will be on the lookout for, and we’ve laid them out below.
McDonald’s Corp. (MCD - Free Report)
The first restaurant stock to release their earnings this week of the group is McDonald’s Corporation (MCD - Free Report) , which is scheduled to release its second quarter fiscal 2016 financial results on Tuesday before market open. MCD is currently a Zacks Rank #3 (Hold), and shares of the fast food giant are up nearly 8% year-to-date.
Heading into its earnings report, the Zacks Consensus Estimate for earnings per share stands at $1.38.For revenue, the company is estimate to post sales of $6.29 billion, which would be 3.26% lower than sales for the same period a year ago. MCD has beat earnings estimates in each of its last 4 quarters, posting an average earnings surprise of 5.07%.
Buffalo Wild Wings
The next restaurant to report will be Buffalo Wild Wings , which is set to report its second quarter fiscal 2016 results on Tuesday after market close. BWLD is currently a Zacks Rank #2 (Buy) stock, and year-to-date shares are down more than 8%.
The Zacks Consensus Estimate for the company’s earnings stands at $1.26, and in regards to revenue the estimate stands at $502.32 million. If the estimates are met, they would represent year-over-year growth of 12.8%, and 17.81% respectively. BWLD has missed earnings estimates in each of its last 4 quarters, posting an average earnings surprise of -11.22%.
Panera Bread Company
Also reporting its second quarter fiscal 2016 results Tuesday after market close will be Panera Bread Co. . Currently a Zacks Rank #3 (Hold), shares of the PNRA are up over 11% year-to-date. The Zacks Consensus Estimate for EPS stands at $1.75, which represents year-over-year earnings growth of 8.82%.
Revenue estimates for the quarter stand at $698.29 million, which would represent year-over-year growth of 3.20%. PNRA has beaten on earnings estimates in 3 of its last 4 quarters, posting an average earnings surprise of 2.29%.
Cheesecake Factory (CAKE - Free Report)
Finally, Cheesecake Factory (CAKE - Free Report) will report its second quarter fiscal 2016 financial results on Wednesday, after the market closes. CAKE is currently a Zacks Rank #3 (Hold), and shares of the company are up nearly 15% year-to-date.
The Zacks Consensus Estimate for EPS stands at $0.71, which would represent year-over-year growthof 2.37%. For revenues, the Zacks Consensus Estimate stands at $562.95 million, which represents year-over-year growth of 6.40%. In each of the last 4 quarters, CAKE has beaten on earnings estimates, posting an average earnings surprise of 8.46%.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
This week, from Monday July 25th to Friday July 29th, represents the busiest week of the current earnings reporting cycle, with over 1000 public companies set to release their financial results for their most recent fiscal quarter.
One industry that many will have an eye on will be the restaurant industry, as investors and analysts alike look for recent increases in consumer spending to provide a boost for the industry’s members. Last week we saw Chipotle Mexican Grill (CMG - Free Report) miss on earnings and revenues estimates and show a worse-than-expected decline in same-store sales, while other companies like Dominos Pizza (DPZ - Free Report) posted much stronger results.
This week there are 4 restaurants that will be releasing their financial results that we will be on the lookout for, and we’ve laid them out below.
McDonald’s Corp. (MCD - Free Report)
The first restaurant stock to release their earnings this week of the group is McDonald’s Corporation (MCD - Free Report) , which is scheduled to release its second quarter fiscal 2016 financial results on Tuesday before market open. MCD is currently a Zacks Rank #3 (Hold), and shares of the fast food giant are up nearly 8% year-to-date.
Heading into its earnings report, the Zacks Consensus Estimate for earnings per share stands at $1.38.For revenue, the company is estimate to post sales of $6.29 billion, which would be 3.26% lower than sales for the same period a year ago. MCD has beat earnings estimates in each of its last 4 quarters, posting an average earnings surprise of 5.07%.
Buffalo Wild Wings
The next restaurant to report will be Buffalo Wild Wings , which is set to report its second quarter fiscal 2016 results on Tuesday after market close. BWLD is currently a Zacks Rank #2 (Buy) stock, and year-to-date shares are down more than 8%.
The Zacks Consensus Estimate for the company’s earnings stands at $1.26, and in regards to revenue the estimate stands at $502.32 million. If the estimates are met, they would represent year-over-year growth of 12.8%, and 17.81% respectively. BWLD has missed earnings estimates in each of its last 4 quarters, posting an average earnings surprise of -11.22%.
Panera Bread Company
Also reporting its second quarter fiscal 2016 results Tuesday after market close will be Panera Bread Co. . Currently a Zacks Rank #3 (Hold), shares of the PNRA are up over 11% year-to-date. The Zacks Consensus Estimate for EPS stands at $1.75, which represents year-over-year earnings growth of 8.82%.
Revenue estimates for the quarter stand at $698.29 million, which would represent year-over-year growth of 3.20%. PNRA has beaten on earnings estimates in 3 of its last 4 quarters, posting an average earnings surprise of 2.29%.
Cheesecake Factory (CAKE - Free Report)
Finally, Cheesecake Factory (CAKE - Free Report) will report its second quarter fiscal 2016 financial results on Wednesday, after the market closes. CAKE is currently a Zacks Rank #3 (Hold), and shares of the company are up nearly 15% year-to-date.
The Zacks Consensus Estimate for EPS stands at $0.71, which would represent year-over-year growthof 2.37%. For revenues, the Zacks Consensus Estimate stands at $562.95 million, which represents year-over-year growth of 6.40%. In each of the last 4 quarters, CAKE has beaten on earnings estimates, posting an average earnings surprise of 8.46%.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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