We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kura Sushi (KRUS) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Kura Sushi (KRUS - Free Report) closed the most recent trading day at $65.90, moving -1.14% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
Shares of the company witnessed a loss of 3.43% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 3.41% and the S&P 500's loss of 2.29%.
Investors will be eagerly watching for the performance of Kura Sushi in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 8, 2023. On that day, Kura Sushi is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 19.05%. Alongside, our most recent consensus estimate is anticipating revenue of $55.75 million, indicating a 32.74% upward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Kura Sushi. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Kura Sushi is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, Kura Sushi is presently trading at a Forward P/E ratio of 150.36. This valuation marks a premium compared to its industry's average Forward P/E of 19.31.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kura Sushi (KRUS) Stock Dips While Market Gains: Key Facts
Kura Sushi (KRUS - Free Report) closed the most recent trading day at $65.90, moving -1.14% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
Shares of the company witnessed a loss of 3.43% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 3.41% and the S&P 500's loss of 2.29%.
Investors will be eagerly watching for the performance of Kura Sushi in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 8, 2023. On that day, Kura Sushi is projected to report earnings of $0.25 per share, which would represent year-over-year growth of 19.05%. Alongside, our most recent consensus estimate is anticipating revenue of $55.75 million, indicating a 32.74% upward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Kura Sushi. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Kura Sushi is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, Kura Sushi is presently trading at a Forward P/E ratio of 150.36. This valuation marks a premium compared to its industry's average Forward P/E of 19.31.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.