American restaurant chain BJ’s Restaurants (NASDAQ: BJRI) will be reporting earnings this Thursday afternoon. Here’s what investors should know.
BJ's met analysts’ revenue expectations last quarter, reporting revenues of $365.6 million, up 4.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is BJ's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting BJ’s revenue to grow 2.5% year on year to $333.9 million, in line with the 2.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BJ's has missed Wall Street’s revenue estimates three times over the last two years.
Looking at BJ’s peers in the restaurants segment, some have already reported their Q3 results, giving us a hint as to what we can expect. The Cheesecake Factory delivered year-on-year revenue growth of 4.8%, missing analysts’ expectations by 0.5%, and Darden reported revenues up 10.4%, in line with consensus estimates. Darden traded down 11.6% following the results.
Read our full analysis of The Cheesecake Factory’s results here and Darden’s results here.
Investors in the restaurants segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. BJ's is up 1.9% during the same time and is heading into earnings with an average analyst price target of $37.86 (compared to the current share price of $30.92).
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