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

First Watch Restaurant

01/08/2023 14:32

* First Watch Restaurant Group Inc  FWRG.OQ  reported
quarterly
adjusted earnings of 13 cents​​ per share for the quarter ended
in June. The mean expectation of nine analysts for the quarter
was for earnings of 8 cents per share.
    * Revenue rose 17.3% to $216.30 million from a year ago;
analysts
expected $210.31 million. 
    * First Watch Restaurant Group Inc's reported EPS for the
quarter
was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * First Watch Restaurant Group Inc shares had risen by 10.3%
this
quarter and gained 37.8% so far this year.
    * The company reported quarterly net income of $7.96
million.
    * Wall Street's median 12-month price target for First Watch
Restaurant Group Inc is $22.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.08           0.13           Beat
 Mar. 31 2023      0.09           0.15           Beat
 Dec. 31 2022      0.02           -0.01          Missed
 Sep. 30 2022      0.03           0.00           Missed