The 10-second takeaway
For the quarter ended Jan. 1 (Q4), BJ's Restaurants met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.
Margins dropped across the board.
BJ's Restaurants reported revenue of $184.8 million. The 17 analysts polled by S&P Capital IQ expected to see a top line of $184.0 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $171.8 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 20 earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. Non-GAAP EPS of $0.27 for Q4 were 21% lower than the prior-year quarter's $0.34 per share. GAAP EPS of $0.24 for Q4 were 27% lower than the prior-year quarter's $0.33 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 19.0%, 150 basis points worse than the prior-year quarter. Operating margin was 4.7%, 300 basis points worse than the prior-year quarter. Net margin was 3.8%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $194.9 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $817.5 million. The average EPS estimate is $1.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 460 members out of 507 rating the stock outperform, and 47 members rating it underperform. Among 188 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give BJ's Restaurants 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 BJ's Restaurants is hold, with an average price target of $40.88.
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