Einstein Noah Restaurant Group
The 10-second takeaway
For the quarter ended April 2 (Q1), Einstein Noah Restaurant Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share contracted significantly.
Gross margins grew, operating margins shrank, net margins dropped.
Einstein Noah Restaurant Group logged revenue of $106.1 million. The six analysts polled by S&P Capital IQ hoped for a top line of $109.6 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 $0.14. The six earnings estimates compiled by S&P Capital IQ averaged $0.22 per share. GAAP EPS of $0.14 for Q1 were 26% lower than the prior-year quarter's $0.19 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 29.3%, 530 basis points better than the prior-year quarter. Operating margin was 5.1%, 140 basis points worse than the prior-year quarter. Net margin was 2.2%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $110.6 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $441.2 million. The average EPS estimate is $0.92.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 99 members out of 119 rating the stock outperform, and 20 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Einstein Noah Restaurant Group a green thumbs-up, and five 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 $17.17.
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