Einstein Noah Restaurant Group's Earnings Beat Last Year's

Seth Jayson, The Motley Fool
Updated

Einstein Noah Restaurant Group (NAS: BAGL) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 3 (Q1), Einstein Noah Restaurant Group met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.


Margins improved across the board.

Revenue details
 Einstein Noah Restaurant Group booked revenue of $104.9 million. The six analysts polled by S&P Capital IQ looked for revenue of $105.7 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $101.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.21. The six earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. GAAP EPS of $0.19 for Q1 were 171% higher than the prior-year quarter's $0.07 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 24.0%, 310 basis points better than the prior-year quarter. Operating margin was 6.3%, 310 basis points better than the prior-year quarter. Net margin was 3.1%, 190 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $109.3 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $435.9 million. The average EPS estimate is $1.02.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 97 members out of 114 rating the stock outperform, and 18 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Einstein Noah Restaurant Group a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Einstein Noah Restaurant Group is outperform, with an average price target of $18.75.

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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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