First Watch Restaurant Group Inc expected to post earnings of 2  cents a share - Earnings Preview

First Watch Restaurant

03/03/2023 16:57

* First Watch Restaurant Group Inc  FWRG.OQ   FWRG.O  is
expected
to show a rise in quarterly revenue when it reports  results on
March 7. 
    * The Bradenton Florida-based  company is expected to report
 a
15.1% increase in revenue to $187.249 million from $162.62
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for First Watch
Restaurant
Group Inc is for earnings of 2 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 7 "strong buy" or
"buy," 1 "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 $21​, above​ its last closing price
of $15.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.04        0.03       0.00      Missed  -100
 Jun. 30 2022  0.04        0.04       0.05      Beat    36.6
 Mar. 31 2022  0.05        0.05       0.08      Beat    54.2​
 Dec. 31 2021  -0.04       -0.07      -0.04     Beat    40.6
 ​​Sep.        -0.01       -0.01      0.02      Beat    416
 30 2021                                                
                                                        ​
 This summary was machine generated March 3 at 16:57 GMT.  All
figures in US dollars  unless otherwise stated