American restaurant chain BJ’s Restaurants (NASDAQ: BJRI) will be reporting earnings this Tuesday afternoon. Here’s what to expect.
BJ's beat analysts’ revenue expectations last quarter, reporting revenues of $355.4 million, up 3.2% year on year. It was a mixed quarter for the company, with full-year EBITDA guidance topping analysts’ expectations but a miss of analysts’ EBITDA estimates.
Is BJ's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BJ’s revenue to grow 2.6% year on year, in line with the 3.2% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BJ's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at BJ’s peers in the sit-down dining segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kura Sushi delivered year-on-year revenue growth of 23.3%, beating analysts’ expectations by 2.5%, and The Cheesecake Factory reported revenues up 5.6%, topping estimates by 1.5%. Kura Sushi traded down 17.8% following the results while The Cheesecake Factory’s stock price was unchanged.
Read our full analysis of Kura Sushi’s results here and The Cheesecake Factory’s results here.
There has been positive sentiment among investors in the sit-down dining segment, with share prices up 3.1% on average over the last month. BJ's is up 1.3% during the same time and is heading into earnings with an average analyst price target of $44.56 (compared to the current share price of $37.37).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
