In its upcoming report, Cheesecake Factory (CAKE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.63 per share, reflecting an increase of 3.3% compared to the same period last year. Revenues are forecasted to be $888.27 million, representing a year-over-year increase of 2.6%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Cheesecake Factory metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenues- North Italia' to come in at $69.76 million. The estimate indicates a change of +10.2% from the prior-year quarter.
Analysts forecast 'Revenues- The Cheesecake Factory restaurants' to reach $665.10 million. The estimate suggests a change of +1.4% year over year.
Based on the collective assessment of analysts, 'Revenues- Other' should arrive at $77.24 million. The estimate suggests a change of -1.2% year over year.
The combined assessment of analysts suggests that 'Revenues- Other FRC' will likely reach $76.75 million. The estimate suggests a change of +11.8% year over year.
Analysts' assessment points toward 'Comparable restaurant sales vs. prior year - The Cheesecake Factory' reaching -0.9%. The estimate is in contrast to the year-ago figure of 5.7%.
Analysts predict that the 'Number of company-owned restaurants - The Cheesecake Factory' will reach 216. The estimate is in contrast to the year-ago figure of 210.
The collective assessment of analysts points to an estimated 'Number of company-owned restaurants - Total' of 338. The estimate is in contrast to the year-ago figure of 318.
According to the collective judgment of analysts, 'Number of company-owned restaurants - North Italia' should come in at 37. The estimate compares to the year-ago value of 33.
The consensus among analysts is that 'Comparable restaurant sales vs. prior year - North Italia' will reach 2.7%. The estimate compares to the year-ago value of 9%.
The average prediction of analysts places 'Number of company-owned restaurants - Other FRC' at 41. The estimate is in contrast to the year-ago figure of 35.
It is projected by analysts that the 'Number of company-owned restaurants - Other' will reach 40. Compared to the current estimate, the company reported 40 in the same quarter of the previous year.
View all Key Company Metrics for Cheesecake Factory here>>>
Over the past month, shares of Cheesecake Factory have returned +0.4% versus the Zacks S&P 500 composite's -0.4% change. Currently, CAKE carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
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In its upcoming report, Cheesecake Factory (CAKE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.63 per share, reflecting an increase of 3.3% compared to the same period last year. Revenues are forecasted to be $888.27 million, representing a year-over-year increase of 2.6%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Cheesecake Factory metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenues- North Italia' to come in at $69.76 million. The estimate indicates a change of +10.2% from the prior-year quarter.
Analysts forecast 'Revenues- The Cheesecake Factory restaurants' to reach $665.10 million. The estimate suggests a change of +1.4% year over year.
Based on the collective assessment of analysts, 'Revenues- Other' should arrive at $77.24 million. The estimate suggests a change of -1.2% year over year.
The combined assessment of analysts suggests that 'Revenues- Other FRC' will likely reach $76.75 million. The estimate suggests a change of +11.8% year over year.
Analysts' assessment points toward 'Comparable restaurant sales vs. prior year - The Cheesecake Factory' reaching -0.9%. The estimate is in contrast to the year-ago figure of 5.7%.
Analysts predict that the 'Number of company-owned restaurants - The Cheesecake Factory' will reach 216. The estimate is in contrast to the year-ago figure of 210.
The collective assessment of analysts points to an estimated 'Number of company-owned restaurants - Total' of 338. The estimate is in contrast to the year-ago figure of 318.
According to the collective judgment of analysts, 'Number of company-owned restaurants - North Italia' should come in at 37. The estimate compares to the year-ago value of 33.
The consensus among analysts is that 'Comparable restaurant sales vs. prior year - North Italia' will reach 2.7%. The estimate compares to the year-ago value of 9%.
The average prediction of analysts places 'Number of company-owned restaurants - Other FRC' at 41. The estimate is in contrast to the year-ago figure of 35.
It is projected by analysts that the 'Number of company-owned restaurants - Other' will reach 40. Compared to the current estimate, the company reported 40 in the same quarter of the previous year.
View all Key Company Metrics for Cheesecake Factory here>>>
Over the past month, shares of Cheesecake Factory have returned +0.4% versus the Zacks S&P 500 composite's -0.4% change. Currently, CAKE carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
Get the latest research report on CAKE - FREE