Red Robin Gourmet Burgers (Nasdaq: RRGB ) is expected to report Q3 earnings on Oct. 29. 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 increase 2.9% and EPS will wane -29.2%.
The average estimate for revenue is $212.3 million. On the bottom line, the average EPS estimate is $0.17.
Last quarter, Red Robin Gourmet Burgers chalked up revenue of $223.7 million. GAAP reported sales were 3.7% higher than the prior-year quarter's $215.8 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 $0.52. GAAP EPS of $0.52 for Q2 were 18% higher than the prior-year quarter's $0.44 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 22.4%, 30 basis points better than the prior-year quarter. Operating margin was 5.1%, 90 basis points better than the prior-year quarter. Net margin was 3.5%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $967.6 million. The average EPS estimate is $1.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 246 members out of 307 rating the stock outperform, and 61 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Red Robin Gourmet Burgers a green thumbs-up, and 15 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 $40.85.
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