Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Jack in the Box Earnings: What To Look For From JACK

Published 2024-02-20, 02:01 a/m
Jack in the Box Earnings: What To Look For From JACK
MCD
-
JACK
-
QSP_u
-

Stock Story -

Fast-food chain Jack in the Box (NASDAQ:JACK) will be reporting results tomorrow after market close. Here's what to expect.

Last quarter Jack in the Box (NYSE:BOX) reported revenues of $372.5 million, down 7.5% year on year, in line with analyst expectations. It was a weak quarter for the company, with EPS missing Wall Street's estimates, driven by looser cost controls and lower-than-expected same-store sales at its flagship Jack in the Box restaurants and Del Taco. In addition its full-year earnings and adjusted EBITDA forecast underwhelmed.

Is Jack in the Box buy or sell heading into the earnings? Find out by reading the original article on StockStory.

This quarter analysts are expecting Jack in the Box's revenue to decline 8.6% year on year to $481.6 million, a deceleration on the 52.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.96 per share.

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing nine downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Jack in the Box's peers in the traditional fast food segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. McDonald's (NYSE:MCD) delivered top-line growth of 8.1% year on year, missing analyst estimates by 0.7% and Restaurant Brands (TSX:QSP_u) reported revenues up 7.8% year on year, exceeding estimates by 1%. McDonald's traded down 1.7% on the results, and Restaurant Brands was flat on the results.

Read the full analysis of McDonald's's and Restaurant Brands's results on StockStory.

There has been positive sentiment among investors in the traditional fast food segment, with the stocks up on average 2.9% over the last month. Jack in the Box is down 4.9% during the same time, and is heading into the earnings with analyst price target of $88.3, compared to share price of $75.9.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.