Financial News

Jack in the Box (JACK) To Report Earnings Tomorrow: Here Is What To Expect

JACK Cover Image

Fast-food chain Jack in the Box (NASDAQ:JACK) will be reporting earnings tomorrow afternoon. Here’s what investors should know.

Jack in the Box missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $369.2 million, down 7% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a miss of analysts’ same-store sales estimates.

Is Jack in the Box a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Jack in the Box’s revenue to decline 4.2% year on year to $356.9 million, improving from the 7.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share.

Jack in the Box Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 6 downward revisions over the last 30 days (we track 15 analysts). Jack in the Box has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Jack in the Box’s peers in the traditional fast food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Dutch Bros delivered year-on-year revenue growth of 27.9%, beating analysts’ expectations by 4.1%, and Arcos Dorados reported flat revenue, topping estimates by 0.5%. Dutch Bros traded up 28.2% following the results while Arcos Dorados was also up 4.7%.

Read our full analysis of Dutch Bros’s results here and Arcos Dorados’s results here.

Investors in the traditional fast food segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Jack in the Box is up 2.3% during the same time and is heading into earnings with an average analyst price target of $58.42 (compared to the current share price of $46.50).

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