After-Hours Earnings Reports: Figures You Shouldn't Miss

After a strong start to the week, U.S. stock went back to declining on Wednesday, mostly driven by a tumble in oil prices and energy stocks.

After the market closed, Shake Shack Inc SHAK, Flowers Foods, Inc. FLO and EnerSys ENS reported quarterly results.

Shares of Shake Shack tumbled about 9 percent after the bell rang, even though EPS of $0.14 and revenues of $66.5 million beat the Street’s respective consensus estimates of $0.13 and $63 million.

Management raised its full year sales guidance to $253-$256 million, up from $245-$249 million, and above estimates of $252 million. Moreover, the team said it anticipates same-store sales will grow by 4-5 percent, and that domestic company-operated store opening should reach 18.

Investors may not have been satisfied with the pace at which same-store sales grew over the quarter. Same-store sales rose 4.5 percent, while analysts were looking for 4.8 percent growth.

Flowers Foods lost 1.3 percent. Sales increased 5.2 percent to $935 million, missing estimates of $949 million, while EPS of $0.24 (flat year-over-year) fell $0.02 short of the Street’s consensus. In addition, management trimmed its full year EPS forecast from $1.00-$1.06 to $0.90-$0.95.

EnerSys posted Q1 EPS $1.02, missing the Street’s consensus by $0.08. However, sales of $600.6 million were slightly ahead of estimates of $599.28 million.

"Our second quarter guidance for non-GAAP adjusted Net earnings per diluted share is $1.06 and $1.10, which excludes an expected charge of $0.04 from our ongoing restructuring programs and acquisition expenses," said CEO David Shaffer.

Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceAfter-Hours CenterMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...