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

First Watch Restaurant

02/05/2023 14:32

* First Watch Restaurant Group Inc  FWRG.OQ  reported
quarterly
adjusted earnings of 15 cents​​ per share for the quarter ended
in March. The mean expectation of eight analysts for the quarter
was for earnings of 9 cents per share.
    * Revenue rose 22.1% to $211.41 million from a year ago;
analysts
expected $208.42 million. 
    * First Watch Restaurant Group Inc's reported EPS for the
quarter
was 15 cents​.
    * The mean earnings estimate of analysts had risen by
about 18.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * First Watch Restaurant Group Inc shares had risen by 3.9%
this
quarter and gained 23.4% so far this year.
    * The company reported quarterly net income of $9.36
million.
    * Wall Street's median 12-month price target for First Watch
Restaurant Group Inc is $20.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
2 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.09           0.15           Beat
 Dec. 31 2022      0.02           -0.01          Missed
 Sep. 30 2022      0.03           0.00           Missed
 Jun. 30 2022      0.04           0.05           Beat