Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Sonic Expected To Deliver Healthy Results, Record Quarter

Share:

Shares of Sonic Corporation (NASDAQ: SONC) were surging on Friday trading, ahead of the company’s third quarter financial results scheduled for Monday afternoon.

According to Estimize, the restaurants chain operator is expected to deliver a record quarter, with historically high earnings of $0.37 per share.

The Street is modeling consensus earnings of $0.37 per share on revenue of $163.36 million, while the crowd is projecting consensus earnings in line with experts’ projections, on slightly lower sales of $163.15 million.

These estimates imply a 23 percent year-over-year increase in earnings, and a 7.3 percent surge in sales, as the company reported earnings of $0.30 per share on revenue of $152.2 million in the third quarter of 2014.

In addition, Sonic has a history of meeting estimates.

Related Link: Top 10 Most Unhealthy Fast Food Chains In America

Unhealthiest Food?

In a recent report, 24/7 Wall St. provided a list of the 10 least healthy fast-food restaurant chains in the U.S. The restaurants were evaluated using data from Nutritionix, a nutrition information database.

Above Jack in the Box Inc. (NASDAQ: JACK) and Wendys Co (NASDAQ: WEN), in first place was none other than Sonic. With almost half of the items in its menu containing at least 1 gram of saturated fat, and 10 of the hamburgers having more than 1,100 calories, Sonic is the most unhealthy fast-food chain in the U.S., according to 24/7 Wall St.

Latest Ratings for SONC

DateFirmActionFromTo
Nov 2018DowngradesBuyNeutral
Sep 2018DowngradesOutperformNeutral
Sep 2018MaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for SONC
View the Latest Analyst Ratings

Posted-In: 24/7 Wall St. EstimizeAnalyst Color Previews Crowdsourcing Analyst Ratings Trading Ideas General

 

Related Articles (SONC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CINFReiterates120.0
HARPAssumes
CLLSAssumes
XLRNAssumes
FLWSUpgrades22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Soybeans Mostly Lower

Qorvo Earnings: Can RF Micro Devices-TriQuint Merger Drive Strong Results?