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FWRG — First Watch Restaurant News Story

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First Watch Restaurant Group Inc reports results for the quarter ended December 31 - Earnings Summary

First Watch Restaurant Group Inc FWRG.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 4 cents.  The mean expectation of eleven analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from zero cents to 9 cents per share.

Revenue rose 7.6% to $263.29 million from a year ago; analysts expected $264.97 million.

First Watch Restaurant Group Inc's reported EPS for the quarter was 1 cent​.

The company reported quarterly net income of $2.74 million.

First Watch Restaurant Group Inc shares had fallen by 2.7% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 97.9% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for First Watch Restaurant Group Inc is $25.00

This summary was machine generated from LSEG data March 11 at 01:31 p.m. UTC. ​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)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.020.01Missed
Sep. 30 20240.050.03Missed
Jun. 30 20240.120.14Beat
Mar. 31 20240.100.12Beat

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