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Jack In The Box (JACK) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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The upcoming report from Jack In The Box (JACK - Free Report) is expected to reveal quarterly earnings of $0.90 per share, indicating a decline of 11.8% compared to the year-ago period. Analysts forecast revenues of $260.04 million, representing a decline of 21.9% year over year.
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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Jack In The Box metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Revenues- Franchise rental revenues' will likely reach $72.80 million. The estimate indicates a year-over-year change of -14.5%.
Based on the collective assessment of analysts, 'Revenues- Franchise contributions for advertising and other services' should arrive at $45.45 million. The estimate indicates a change of -16.1% from the prior-year quarter.
The consensus estimate for 'Revenues- Franchise (Franchise rental + Franchise royalties and other + Franchise contributions)' stands at $162.07 million. The estimate points to a change of +17.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Franchise royalties and other' of $43.82 million. The estimate indicates a change of -17% from the prior-year quarter.
Analysts predict that the 'Jack in the Box - New Restaurant - Franchise' will reach 3 . The estimate compares to the year-ago value of 5 .
It is projected by analysts that the 'Jack in the Box Systemwide Sales - Company-operated restaurant sales' will reach $98.03 million. The estimate is in contrast to the year-ago figure of $94.11 million.
The average prediction of analysts places 'Jack in the Box Systemwide Sales - Franchised restaurant sales' at $849.71 million. Compared to the present estimate, the company reported $863.71 million in the same quarter last year.
The consensus among analysts is that 'Jack in the Box Systemwide Sales - Total' will reach $947.75 million. Compared to the present estimate, the company reported $957.82 million in the same quarter last year.
Analysts expect 'Jack in the Box - Restaurant Counts (BOP) - Company' to come in at 149 . The estimate is in contrast to the year-ago figure of 146 .
Analysts' assessment points toward 'Jack in the Box - Restaurant Counts (BOP) - Franchise' reaching 1,979 . The estimate compares to the year-ago value of 2,037 .
Analysts forecast 'Jack in the Box - New Restaurant - Total' to reach 3 . The estimate compares to the year-ago value of 6 .
According to the collective judgment of analysts, 'Jack in the Box - Restaurant Counts (EOP) - Company' should come in at 148 . The estimate compares to the year-ago value of 142 .
Over the past month, Jack In The Box shares have recorded returns of +14.6% versus the Zacks S&P 500 composite's +2.3% change. Based on its Zacks Rank #3 (Hold), JACK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Image: Bigstock
Jack In The Box (JACK) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from Jack In The Box (JACK - Free Report) is expected to reveal quarterly earnings of $0.90 per share, indicating a decline of 11.8% compared to the year-ago period. Analysts forecast revenues of $260.04 million, representing a decline of 21.9% year over year.
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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Jack In The Box metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Revenues- Franchise rental revenues' will likely reach $72.80 million. The estimate indicates a year-over-year change of -14.5%.
Based on the collective assessment of analysts, 'Revenues- Franchise contributions for advertising and other services' should arrive at $45.45 million. The estimate indicates a change of -16.1% from the prior-year quarter.
The consensus estimate for 'Revenues- Franchise (Franchise rental + Franchise royalties and other + Franchise contributions)' stands at $162.07 million. The estimate points to a change of +17.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Franchise royalties and other' of $43.82 million. The estimate indicates a change of -17% from the prior-year quarter.
Analysts predict that the 'Jack in the Box - New Restaurant - Franchise' will reach 3 . The estimate compares to the year-ago value of 5 .
It is projected by analysts that the 'Jack in the Box Systemwide Sales - Company-operated restaurant sales' will reach $98.03 million. The estimate is in contrast to the year-ago figure of $94.11 million.
The average prediction of analysts places 'Jack in the Box Systemwide Sales - Franchised restaurant sales' at $849.71 million. Compared to the present estimate, the company reported $863.71 million in the same quarter last year.
The consensus among analysts is that 'Jack in the Box Systemwide Sales - Total' will reach $947.75 million. Compared to the present estimate, the company reported $957.82 million in the same quarter last year.
Analysts expect 'Jack in the Box - Restaurant Counts (BOP) - Company' to come in at 149 . The estimate is in contrast to the year-ago figure of 146 .
Analysts' assessment points toward 'Jack in the Box - Restaurant Counts (BOP) - Franchise' reaching 1,979 . The estimate compares to the year-ago value of 2,037 .
Analysts forecast 'Jack in the Box - New Restaurant - Total' to reach 3 . The estimate compares to the year-ago value of 6 .
According to the collective judgment of analysts, 'Jack in the Box - Restaurant Counts (EOP) - Company' should come in at 148 . The estimate compares to the year-ago value of 142 .
View all Key Company Metrics for Jack In The Box here>>>Over the past month, Jack In The Box shares have recorded returns of +14.6% versus the Zacks S&P 500 composite's +2.3% change. Based on its Zacks Rank #3 (Hold), JACK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .