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BJ's Restaurants (BJRI) Reports Q2 Earnings: What Key Metrics Have to Say
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BJ's Restaurants (BJRI - Free Report) reported $349.93 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.1%. EPS of $0.72 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $350.18 million, representing a surprise of -0.07%. The company delivered an EPS surprise of +46.94%, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BJ's Restaurants performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable restaurant sales: -0.6% versus -0.6% estimated by seven analysts on average.
Number of restaurants: 216 compared to the 217 average estimate based on six analysts.
Restaurant operating weeks: 2,821 compared to the 2,824 average estimate based on four analysts.
Shares of BJ's Restaurants have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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BJ's Restaurants (BJRI) Reports Q2 Earnings: What Key Metrics Have to Say
BJ's Restaurants (BJRI - Free Report) reported $349.93 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.1%. EPS of $0.72 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $350.18 million, representing a surprise of -0.07%. The company delivered an EPS surprise of +46.94%, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BJ's Restaurants performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable restaurant sales: -0.6% versus -0.6% estimated by seven analysts on average.
- Number of restaurants: 216 compared to the 217 average estimate based on six analysts.
- Restaurant operating weeks: 2,821 compared to the 2,824 average estimate based on four analysts.
View all Key Company Metrics for BJ's Restaurants here>>>Shares of BJ's Restaurants have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.