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

Red Robin Gourmet Burgers

22/08/2024 22:01

* Red Robin Gourmet Burgers Inc  RRGB.OQ  reported a
quarterly
adjusted loss of 48 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
five analysts for the quarter was for a loss of 46 cents per
share. Wall Street expected results to range from -62 cents
to -35 cents per share.
    * Revenue rose 0.5% to $300.15 million from a year ago;
analysts
expected $293.20 million. 
    * Red Robin Gourmet Burgers Inc's reported EPS for the
quarter was
a loss of 61 cents​.
    * The company reported a quarterly loss of $9.49 million.
    * Red Robin Gourmet Burgers Inc shares had fallen by 33.3%
this
quarter and lost 59.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Red Robin Gourmet
Burgers Inc is $15.50 
This summary was machine generated from LSEG data August 22 at
09:00 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
 Jun. 30 2024      -0.46          -0.48          Missed
 Mar. 31 2024      -0.62          -0.80          Missed
 Dec. 31 2023      -0.46          -0.66          Missed
 Sep. 30 2023      -0.85          -0.79          Beat