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

Red Robin Gourmet Burgers

02/11/2023 02:38

* Red Robin Gourmet Burgers Inc  RRGB.OQ  reported a
quarterly
adjusted loss of 79 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $-1.03.  The mean expectation of
three analysts for the quarter was for a loss of 85 cents per
share. Wall Street expected results to range from -92 cents
to -78 cents per share.
    * Revenue fell 3.3% to $277.56 million from a year ago;
analysts
expected $278.15 million. 
    * Red Robin Gourmet Burgers Inc's reported EPS for the
quarter was
a loss of 52 cents​.
    * The company reported a quarterly loss of $8.16 million.
    * Red Robin Gourmet Burgers Inc shares had risen by 0.6%
this
quarter and gained 45.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $15.50 
This summary was machine generated from LSEG data November 2 at
02:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.62          -1.35          Missed