Jack in the Box
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Jack in the Box whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins increased, net margins contracted.
Jack in the Box reported revenue of $357.6 million. The 15 analysts polled by S&P Capital IQ foresaw a top line of $463.6 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $504.2 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 $0.27. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.30 per share. GAAP EPS of $0.27 for Q4 were 45% lower than the prior-year quarter's $0.49 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 22.7%, 780 basis points better than the prior-year quarter. Operating margin was 7.5%, 350 basis points better than the prior-year quarter. Net margin was 3.5%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $521.9 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $1.88 billion. The average EPS estimate is $1.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 335 members out of 368 rating the stock outperform, and 33 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Jack in the Box a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jack in the Box is outperform, with an average price target of $30.29.
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