Einstein Noah Restaurant Group
The 10-second takeaway
For the quarter ended Oct. 2 (Q3), Einstein Noah Restaurant Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew significantly.
Gross margins were steady, operating margins grew, net margins grew.
Einstein Noah Restaurant Group chalked up revenue of $105.5 million. The six analysts polled by S&P Capital IQ expected net sales of $106.2 million on the same basis. GAAP reported sales were 1.9% higher than the prior-year quarter's $103.5 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 five earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. GAAP EPS of $0.20 for Q3 were 18% higher than the prior-year quarter's $0.17 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 19.7%, about the same as the prior-year quarter. Operating margin was 6.2%, 100 basis points better than the prior-year quarter. Net margin was 3.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $112.0 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $428.9 million. The average EPS estimate is $0.96.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 96 members out of 115 rating the stock outperform, and 19 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Einstein Noah Restaurant Group a green thumbs-up, and six 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 $20.00.
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