BurgerFi International Inc reports results for the quarter ended in December - Earnings Summary

Burgerfi International

02/04/2024 19:10

* BurgerFi International Inc  BFI.OQ  reported a quarterly
adjusted loss of 39 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-1.18.  The mean expectation of
two analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -20 cents
to -18 cents per share.
    * Revenue fell 8.3% to $41.47 million from a year ago;
analysts
expected $40.00 million. 
    * BurgerFi International Inc's reported EPS for the quarter
was a
loss of 40 cents​.
    * The company reported a quarterly loss of $10.6 million.
    * BurgerFi International Inc shares had risen by 3.8% this
quarter and lost 30.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is  "buy."

Wall Street's median 12-month price target for BurgerFi
International Inc is $2.75 
This summary was machine generated from LSEG data April 2 at
06:10 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
 Dec. 31 2023      -0.19          -0.39          Missed
                                  -0.19          
 Jun. 30 2023      -0.21          -0.24          Missed
 Mar. 31 2023      -0.24          -0.39          Missed