Einstein Noah Restaurant Group
The 10-second takeaway
For the quarter ended April 3 (Q1), Einstein Noah Restaurant Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins improved across the board.
Einstein Noah Restaurant Group booked revenue of $104.9 million. The six analysts polled by S&P Capital IQ looked for revenue of $105.7 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $101.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The six earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. GAAP EPS of $0.19 for Q1 were 171% higher than the prior-year quarter's $0.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.0%, 310 basis points better than the prior-year quarter. Operating margin was 6.3%, 310 basis points better than the prior-year quarter. Net margin was 3.1%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $109.3 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $435.9 million. The average EPS estimate is $1.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 97 members out of 114 rating the stock outperform, and 18 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Einstein Noah Restaurant Group a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Einstein Noah Restaurant Group is outperform, with an average price target of $18.75.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.