Jack in the Box Hits Estimates in Solid Quarter
Jack in the Box (NAS: JACK) reported earnings on May 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 15 (Q2), Jack in the Box met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew significantly.
Margins expanded across the board.
Jack in the Box reported revenue of $506.6 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $502.7 million on the same basis. GAAP reported sales were 0.3% higher than the prior-year quarter's $505.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.27. The seven earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. GAAP EPS of $0.48 for Q2 were 269% higher than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.3%, 240 basis points better than the prior-year quarter. Operating margin was 5.6%, 230 basis points better than the prior-year quarter. Net margin was 4.3%, 300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $507.0 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $2.18 billion. The average EPS estimate is $1.15.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 327 members out of 359 rating the stock outperform, and 32 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give Jack in the Box a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jack in the Box is hold, with an average price target of $24.45.
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At the time this article 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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