Cheesecake Factory Inc expected to post earnings of 63 cents a share - Earnings Preview

Cheesecake Factory

07/05/2024 03:24

* Cheesecake Factory Inc  CAKE.OQ   CAKE.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The Calabasas Hills California-based  company is expected
to
report a 2.9% increase in revenue to $890.871 million from
$866.11 million a year ago, according to the mean estimate from
17 analysts, based on LSEG data.The company's guidance on
February 21 2024, for the period ended March 31, was for revenue
between $875.00 million and $895.00 million.
    * ​LSEG's mean analyst estimate for Cheesecake Factory Inc
is for
earnings of 63 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 11
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Cheesecake
Factory Inc is $37.00​, above​ its last closing price of $34.63.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.73        0.73       0.80      Beat    9.5
 Sep. 30 2023  0.40        0.43       0.39      Missed  -9.2
 Jun. 30 2023  0.80        0.82       0.88      Beat    7.3​
 Mar. 31 2023  0.59        0.59       0.61      Beat    3.6
 ​​Dec.        0.58        0.57       0.56      Missed  -2.3
 31 2022                                                
 Sep. 30 2022  0.27        0.28       -0.03     Missed  -110.5
                                                        ​
 Jun. 30 2022  0.75        0.77       0.52      Missed  -32.7
 Mar. 31 2022  0.51        0.51       0.47      Missed  -8.1
 This summary was machine generated May 7 at 02:24 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)