Cheesecake Factory Inc reports results for the quarter ended in December - Earnings Summary

Cheesecake Factory

23/02/2024 03:06

* Cheesecake Factory Inc  CAKE.OQ  reported quarterly
adjusted
earnings of 80 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 56 cents.  The mean expectation of
twenty analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 59 cents to 78
cents per share.
    * Revenue fell 1.8% to $877.01 million from a year ago;
analysts
expected $878.43 million. 
    * Cheesecake Factory Inc's reported EPS for the quarter was
26
cents​.
    * The company reported quarterly net income of $12.68
million.
    * Cheesecake Factory Inc shares had fallen by 2.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the restaurants &
bars
peer group is also "hold"

Wall Street's median 12-month price target for Cheesecake
Factory Inc is $37.00 
This summary was machine generated from LSEG data February 23 at
03:06 a.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      0.73           0.80           Beat
 Sep. 30 2023      0.43           0.39           Missed
 Jun. 30 2023      0.82           0.88           Beat
 Mar. 31 2023      0.59           0.61           Beat