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

Burgerfi International

16/05/2024 22:47

* BurgerFi International Inc  BFI.OQ  reported a quarterly
adjusted loss of 23 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -39 cents.  The lone analyst forecast
for the quarter was for a loss of 29 cents per share. 
    * Revenue fell 6.2% to $42.88 million from a year ago;
analysts
expected $43.70 million. 
    * BurgerFi International Inc's reported EPS for the quarter
was a
loss of 24 cents​.
    * The company reported a quarterly loss of $6.54 million.
    * BurgerFi International Inc shares had fallen by 29.5% this
quarter and lost 52.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16%
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 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "strong buy"

Wall Street's median 12-month price target for BurgerFi
International Inc is $2.00 
This summary was machine generated from LSEG data May 16 at
09:47 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      -0.29          -0.23          Beat
 Dec. 31 2023      -0.19          -0.39          Missed
                                  -0.19          
 Jun. 30 2023      -0.21          -0.24          Missed