Shake Shack Inc. (SHAK - Free Report) reported mixed fourth-quarter 2019 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Decline in guest traffic and significant volatility in the delivery channel in 2020 hurt investors' sentiment. Post the results, shares of the company dropped nearly 13% in after-hours trading on Feb 24.
Adjusted earnings of 6 cents per share compared favorably with the Zacks Consensus Estimate of a loss of a penny but were flat year over year.
Total revenues of $151.4 million in the reported quarter missed the Zacks Consensus Estimate of $153.1 million. However, the top line increased 21.9% year over year. Rise in Shack sales and licensing revenues drove the company’s top line.
Shake Shack, Inc. Price, Consensus and EPS Surprise
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 >>
Shake Shack Inc. (SHAK - Free Report) reported mixed fourth-quarter 2019 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Decline in guest traffic and significant volatility in the delivery channel in 2020 hurt investors' sentiment. Post the results, shares of the company dropped nearly 13% in after-hours trading on Feb 24.
Adjusted earnings of 6 cents per share compared favorably with the Zacks Consensus Estimate of a loss of a penny but were flat year over year.
Total revenues of $151.4 million in the reported quarter missed the Zacks Consensus Estimate of $153.1 million. However, the top line increased 21.9% year over year. Rise in Shack sales and licensing revenues drove the company’s top line.
Shake Shack, Inc. Price, Consensus and EPS Surprise
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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