First Watch Restaurant Group Inc expected to post earnings of 4 cents a share - Earnings Preview

First Watch Restaurant

01/03/2024 14:25

* First Watch Restaurant Group Inc  FWRG.OQ   FWRG.O  is
expected
to show a rise in quarterly revenue when it reports  results on
March 5 for the period ending December 31 2023
    * The Bradenton Florida-based  company is expected to report
a
27.9% increase in revenue to $237.527 million from $185.75
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (SAL is on Total Revenue)
    * ​LSEG's mean analyst estimate for First Watch Restaurant
Group
Inc is for earnings of 4 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​, below​ its last closing price
of $25.05. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.08        0.09       0.15      Beat    76.5​
 Dec. 31 2022  0.03        0.02       -0.01     Missed  -140.4
 ​​Sep.        0.04        0.03       0.00      Missed  -100
 30 2022                                                
 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
 This summary was machine generated March 1 at 14:25 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)