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Insights Into Red Robin (RRGB) Q2: Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Red Robin (RRGB - Free Report) will announce quarterly loss of $0.41 per share in its forthcoming report, representing a decline of 70.8% year over year. Revenues are projected to reach $295.57 million, declining 1% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Red Robin metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenues- Restaurant revenue' will reach $292.94 million. The estimate indicates a year-over-year change of -0.1%.
Analysts' assessment points toward 'Number of restaurants - Total' reaching 506. Compared to the present estimate, the company reported 509 in the same quarter last year.
The average prediction of analysts places 'Number of restaurants - Franchised' at 93. Compared to the current estimate, the company reported 91 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Number of restaurants - Company-owned' of 414. Compared to the present estimate, the company reported 418 in the same quarter last year.
Red Robin shares have witnessed a change of -19.3% in the past month, in contrast to the Zacks S&P 500 composite's -1.9% move. With a Zacks Rank #3 (Hold), RRGB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Insights Into Red Robin (RRGB) Q2: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Red Robin (RRGB - Free Report) will announce quarterly loss of $0.41 per share in its forthcoming report, representing a decline of 70.8% year over year. Revenues are projected to reach $295.57 million, declining 1% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Red Robin metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenues- Restaurant revenue' will reach $292.94 million. The estimate indicates a year-over-year change of -0.1%.
Analysts' assessment points toward 'Number of restaurants - Total' reaching 506. Compared to the present estimate, the company reported 509 in the same quarter last year.
The average prediction of analysts places 'Number of restaurants - Franchised' at 93. Compared to the current estimate, the company reported 91 in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Number of restaurants - Company-owned' of 414. Compared to the present estimate, the company reported 418 in the same quarter last year.
View all Key Company Metrics for Red Robin here>>>
Red Robin shares have witnessed a change of -19.3% in the past month, in contrast to the Zacks S&P 500 composite's -1.9% move. With a Zacks Rank #3 (Hold), RRGB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>