First Watch Restaurant Group Inc expected to post earnings of 12 cents a share - Earnings Preview

First Watch Restaurant

02/08/2024 15:40

* First Watch Restaurant Group Inc  FWRG.OQ   FWRG.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 6 for the period ending June 30 2024
    * The Bradenton Florida-based  company is expected to report
a
19.4% increase in revenue to $258.242 million from $216.3
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for First Watch Restaurant
Group
Inc is for earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 First Watch
Restaurant Group Inc is $24.00​, above​ its last closing price
of $15.67. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.09        0.10       0.12      Beat    26.1
 Dec. 31 2024  0.04        0.04       0.04      Met     11.1
 Sep. 30 2023  0.04        0.04       0.09      Beat    127.1​
 Jun. 30 2023  0.07        0.08       0.13      Beat    66.4
 ​​Mar.        0.08        0.09       0.15      Beat    76.5
 31 2023                                                
 Dec. 31 2022  0.03        0.02       -0.01     Missed  -140.4
                                                        ​
 Sep. 30 2022  0.04        0.03       0.00      Missed  -100
 Jun. 30 2022  0.04        0.04       0.05      Beat    36.6
 This summary was machine generated August 2 at 14:40 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)