First Watch Restaurant Group Inc expected to post earnings of 8  cents a share - Earnings Preview

First Watch Restaurant

28/04/2023 17:37

* First Watch Restaurant Group Inc  FWRG.OQ   FWRG.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 2. 
    * The Bradenton Florida-based  company is expected to report
 a
20.5% increase in revenue to $208.6 million from $173.11 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for First Watch
Restaurant
Group Inc is for earnings of 8 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 had fallen by
about 10.2%
in the last three months. ​
    * Wall Street's median 12-month price target for First Watch
Restaurant Group Inc is $20.5​, above​ its last closing price
of $15.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  0.05        0.05       0.08      Beat    54.2
 ​​Dec.        -0.04       -0.07      -0.04     Beat    40.6
 31 2021                                                
 Sep. 30 2021  -0.01       -0.01      0.02      Beat    416​
 This summary was machine generated April 28 at 16:37 GMT.  All
figures in US dollars  unless otherwise stated