Red Robin Gourmet Burgers Earnings Preview
Red Robin Gourmet Burgers (NAS: RRGB) will try to beat its earnings estimates for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday. Red Robin Gourmet Burgers, together with its subsidiaries, is a casual dining restaurant chain focused on serving a wide selection of high-quality burgers in a family-friendly atmosphere.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with six analysts rating it as a buy and only two rating it as a sell. Analysts like Red Robin Gourmet Burgers better than competitor O'Charley's overall. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $205.1 million in revenue this quarter. That would represent a rise of 6.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.20 per share. Estimates range from $0.16 to $0.25.
What our community says:
CAPS All-Stars are solidly backing the stock, with 84.7% awarding it an outperform rating. Most of the community is in line with the All-Stars, with 80.4% granting it a rating of outperform. Fools are impressed with Red Robin Gourmet Burgers and haven't been shy with their opinions lately, logging 212 posts in the past 30 days. Despite the majority sentiment in favor of Red Robin Gourmet Burgers, the stock has a middling CAPS rating of three out of five stars.
Revenue has now gone up for three straight quarters.
For all our Red Robin Gourmet Burgers-specific analysis, including earnings and beyond, add Red Robin Gourmet Burgers to My Watchlist.
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At the time this article was published
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