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