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

Red Robin Gourmet Burgers

29/05/2024 22:21

* Red Robin Gourmet Burgers Inc  RRGB.OQ  reported a
quarterly
adjusted loss of 80 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 25 cents.  The mean expectation of five analysts
for the quarter was for a loss of 62 cents per share. Wall
Street expected results to range from -76 cents to -30 cents per
share.
    * Revenue fell 7% to $388.54 million from a year ago;
analysts
expected $392.73 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 $9.46 million.
    * Red Robin Gourmet Burgers Inc shares had fallen by 10.7%
this
quarter and lost 45.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 289.1% 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 "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 $17.00 
This summary was machine generated from LSEG data May 29 at
09:21 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
 Mar. 31 2024      -0.62          -0.80          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