On Tuesday, November 5, Red Robin Gourmet Burgers RRGB will release its latest earnings report. Benzinga's outlook for Red Robin Gourmet Burgers is included in the following report.
Earnings and Revenue
Wall Street expects an EPS loss of 22 cents and sales around $289.41 million.
In the same quarter last year, Red Robin Gourmet Burgers posted EPS of 16 cents on sales of $294.88 million. Sales would have fallen 1.85% from the same quarter last year. Here's how the Red Robin Gourmet Burgers's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.310 | 0.500 | 0.38 | 0.11 | 0.48 |
| EPS Actual | 1.030 | 0.190 | 0.43 | 0.16 | 0.46 |
Stock Performance
Over the last 52-week period, shares are down 0.64%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Red Robin Gourmet Burgers stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Red Robin Gourmet Burgers is scheduled to hold the call at 5:00 p.m. ET and can be accessed here: https://www.redrobin.com/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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