Jack in the Box (JACK) Reports Earnings Tomorrow. What To Expect

Radek Strnad /
2023/11/20 2:02 am EST

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

Last quarter Jack in the Box reported revenues of $396.9 million, down 0.3% year on year, in line with analyst expectations. It was a decent quarter for the company, with a beat of analysts' EPS estimates.

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

This quarter analysts are expecting Jack in the Box's revenue to decline 7.5% year on year to $372.4 million, a deceleration on the 44.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.15 per share.

Jack in the Box Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing four downwards revisions over the last thirty days. The company missed Wall St's revenue estimates three times 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 Q4 earnings results, giving us a hint of what we can expect. McDonald's reported revenues up 14% year on year, exceeding estimates by 2.2%.  McDonald's was up 2.6%.

Read our full analysis of McDonald's's results here.

There has been positive sentiment among investors in the traditional fast food segment, with the stocks up on average 10.1% over the last month. Jack in the Box is up 9.4% during the same time, and is heading into the earnings with analyst price target of $84.4, compared to share price of $69.9.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.