The ONE Group (STKS) Reports Earnings Tomorrow. What To Expect

Max Juang /
2023/11/06 2:03 am EST

Upscale restaurant company The One Group Hospitality (NASDAQ:STKS) will be reporting results tomorrow after the bell. Here's what you need to know.

Last quarter The ONE Group reported revenues of $83.4 million, up 2.8% year on year, missing analyst expectations by 9%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.

Is The ONE Group buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting The ONE Group's revenue to grow 14% year on year to $83.3 million, improving on the 1.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.

The ONE Group Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at The ONE Group's peers in the sit-down dining segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Red Robin's revenues decreased 3.3% year on year, beating analyst estimates by 0.7% and Bloomin' Brands reported revenues up 2.3% year on year, missing analyst estimates by 0.2%. Red Robin traded up 2.5% on the results, Bloomin' Brand was down 6.7%

Read our full analysis of Red Robin's results here and Bloomin' Brands's results here.

There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 5.7% over the last month. The ONE Group is down 7.7% during the same time, and is heading into the earnings with analyst price target of $11.1, compared to share price of $4.55.

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