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

First Watch Restaurant

05/03/2024 23:42

* First Watch Restaurant Group Inc  FWRG.OQ  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 1 cents to 5
cents per share.
    * Revenue rose 31.7% to $244.63 million from a year ago;
analysts
expected $237.53 million. 
    * First Watch Restaurant Group Inc's reported EPS for the
quarter
was 4 cents​.
    * The company reported quarterly net income of $2.65
million.
    * First Watch Restaurant Group Inc shares had risen by 26.7%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for First Watch
Restaurant Group Inc is $24.00 

This summary was machine generated from LSEG data March 5 at
11:41 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.04           Met
 Sep. 30 2023      0.04           0.09           Beat
 Jun. 30 2023      0.08           0.13           Beat
 Mar. 31 2023      0.09           0.15           Beat