Restaurant Brands International Inc reports results for the quarter ended in September 30 - Earnings Summary

Restaurant Brands International

06/11/2024 05:11

* Restaurant Brands International Inc  QSR.N  reported
quarterly
adjusted earnings of 93 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 90 cents.  The mean expectation of
eighteen analysts for the quarter was for earnings of 95 cents
per share. Wall Street expected results to range from 89 cents
to $1.04 per share.
    * Revenue rose 24.7% to $2.29 billion from a year ago;
analysts
expected $2.35 billion. 
    * Restaurant Brands International Inc's reported EPS for the
quarter was 79 cents​.
    * The company reported quarterly net income of $252 million.
    * Restaurant Brands International Inc shares had fallen
by 0.2%
this quarter and lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 7
"hold" and 1 "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 Restaurant Brands
International Inc is $80.00 
This summary was machine generated from LSEG data November 6 at
05:11 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
 Sep. 30 2024      0.95           0.93           Missed
 Jun. 30 2024                     0.86           
 Mar. 31 2024      0.72           0.73           Beat
 Dec. 31 2023      0.73           0.75           Beat