Carrols Restaurant Group Inc expected to post earnings of 5 cents a share - Earnings Preview

Carrols Restaurant

23/02/2024 14:33

* Carrols Restaurant Group Inc  TAST.OQ   TAST.O  is
expected
to show a rise in quarterly revenue when it reports  results on
February 26 (estimated) for the period ending December 31 2023
    * The Syracuse New York-based  company is expected to report
a
5.7% increase in revenue to $470.406 million from $445.06
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenues)
    * ​LSEG's mean analyst estimate for Carrols Restaurant Group
Inc
is for earnings of 5 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Carrols
Restaurant Group Inc is $9.55​, above​ its last closing price
of $9.43. ​​​

The company's guidance on January 8 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD32 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.06        0.05       0.16      Beat    204.8
 Jun. 30 2023  0.03        0.02       0.27      Beat    1,442.
                                                        9
 Mar. 31 2023  -0.20       -0.26      0.00      Beat    100​
 Dec. 31 2022  -0.20       -0.21      -0.05     Beat    76.2
 ​​Sep.        -0.21       -0.20      -0.14     Beat    30
 30 2022                                                
 Jun. 30 2022  -0.18       -0.12      -0.18     Missed  -44​
 Mar. 31 2022  -0.35       -0.35      -0.34     Beat    4.2
 Dec. 31 2021  -0.25       -0.25      -0.15     Beat    39.4
 This summary was machine generated February 23 at 14:33 GMT. 
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)