Red Robin Gourmet Burgers (Nasdaq: RRGB ) is expected to report Q2 earnings on Aug. 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Red Robin Gourmet Burgers's revenues will expand 4.4% and EPS will grow 6.3%.
The average estimate for revenue is $225.4 million. On the bottom line, the average EPS estimate is $0.51.
Last quarter, Red Robin Gourmet Burgers booked revenue of $299.5 million. GAAP reported sales were 4.4% higher than the prior-year quarter's $286.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.71. GAAP EPS of $0.71 for Q1 were 27% higher than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 22.5%, 120 basis points better than the prior-year quarter. Operating margin was 5.3%, 140 basis points better than the prior-year quarter. Net margin was 3.5%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $974.3 million. The average EPS estimate is $1.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 249 members out of 310 rating the stock outperform, and 61 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Red Robin Gourmet Burgers a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Red Robin Gourmet Burgers is outperform, with an average price target of $42.22.