One Group Hospitality Inc reports results for the quarter ended in June - Earnings Summary

One Hospitality

07/08/2024 03:06

* One Group Hospitality Inc  STKS.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 6 cents.  The mean expectation of three analysts
for the quarter was for earnings of 7 cents per share. Wall
Street expected results to range from 6 cents to 8 cents per
share.
    * Revenue rose 106.8% to $172.49 million from a year ago;
analysts
expected $178.34 million. 
    * One Group Hospitality Inc's reported EPS for the quarter
was a
loss of 36 cents​.
    * The company reported a quarterly loss of $11.47 million.
    * One Group Hospitality Inc shares had fallen by 1.4% this
quarter and lost 31.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 53.9%
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 2 "strong buy" or "buy," 1
"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 One Group
Hospitality Inc is $9.00 
This summary was machine generated from LSEG data August 7 at
02:06 a.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
 Jun. 30 2024      0.07           0.08           Beat
 Mar. 31 2024      0.03           -0.02          Missed
 Dec. 31 2023      0.15           0.17           Beat
 Sep. 30 2023      0.03           -0.08          Missed