BJ's Restaurants Inc reports results for the quarter ended in March - Earnings Summary

BJs Restaurants

02/05/2024 23:22

* BJ's Restaurants Inc  BJRI.OQ  reported quarterly adjusted
earnings of 32 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 7 cents to 31 cents per
share.
    * Revenue fell 1.2% to $337.33 million from a year ago;
analysts
expected $335.43 million. 
    * BJ's Restaurants Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $7.72
million.
    * BJ's Restaurants Inc shares had fallen by 11.3% this
quarter and
lost 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is  "hold."

Wall Street's median 12-month price target for BJ's Restaurants
Inc is $40.00 
This summary was machine generated from LSEG data May 2 at 10:22
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.17           0.32           Beat
 Dec. 31 2023      0.28           0.34           Beat
 Sep. 30 2023      0.01           -0.16          Missed
 Jun. 30 2023      0.34           0.50           Beat