Einstein Noah Restaurant Group
The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Einstein Noah Restaurant Group met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped. GAAP earnings per share contracted significantly.
Gross margins grew, operating margins contracted, net margins contracted.
Einstein Noah Restaurant Group recorded revenue of $110.6 million. The six analysts polled by S&P Capital IQ expected a top line of $111.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.34. The six earnings estimates compiled by S&P Capital IQ averaged $0.34 per share. Non-GAAP EPS of $0.34 for Q4 were 13% lower than the prior-year quarter's $0.39 per share. GAAP EPS of $0.18 for Q4 were 50% lower than the prior-year quarter's $0.36 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 32.3%, 770 basis points better than the prior-year quarter. Operating margin was 8.4%, 80 basis points worse than the prior-year quarter. Net margin was 2.9%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $108.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $448.1 million. The average EPS estimate is $1.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 101 members out of 121 rating the stock outperform, and 20 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 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 $18.83.
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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. The Motley Fool has no position in any of the stocks mentioned. 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.