Red Robin Gourmet Burgers Inc reports results for the quarter ended in December - Earnings Summary

Red Robin Gourmet Burgers

29/02/2024 24:48

* Red Robin Gourmet Burgers Inc  RRGB.OQ  reported a
quarterly
adjusted loss of 66 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-1.35.  The mean expectation of
three analysts for the quarter was for a loss of 46 cents per
share. Wall Street expected results to range from -53 cents
to -42 cents per share.
    * Revenue rose 6.5% to $309.03 million from a year ago;
analysts
expected $304.97 million. 
    * Red Robin Gourmet Burgers Inc's reported EPS for the
quarter was
a loss of 87 cents​.
    * The company reported a quarterly loss of $13.73 million.
    * Red Robin Gourmet Burgers Inc shares had fallen by 29.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "hold"

Wall Street's median 12-month price target for Red Robin Gourmet
Burgers Inc is $16.50 
This summary was machine generated from LSEG data February 29 at
12:48 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
 Dec. 31 2023      -0.46          -0.66          Missed
 Sep. 30 2023      -0.85          -0.79          Beat
 Jun. 30 2023      -0.54          -0.24          Beat
 Mar. 31 2023      -0.57          0.25           Beat