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

Cheesecake Factory

02/11/2023 03:36

* Cheesecake Factory Inc  CAKE.OQ  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -3 cents.  The mean expectation of
twenty analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 29 cents to 51
cents per share.
    * Revenue rose 5.9% to $830.21 million from a year ago;
analysts
expected $842.64 million. 
    * Cheesecake Factory Inc's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $17.95
million.
    * Cheesecake Factory Inc shares had risen by 2.5% this
quarter and
lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 13
"hold" and 3 "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 $32.00 
This summary was machine generated from LSEG data November 2 at
03:36 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.43           0.39           Missed
 Jun. 30 2023      0.82           0.88           Beat
 Mar. 31 2023      0.59           0.61           Beat
 Dec. 31 2022      0.57           0.56           Missed