Does The Street Have Sonic Figured Out?
Sonic (NAS: SONC) is expected to report Q4 earnings on Oct. 16. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Sonic's revenues will wane -1.3% and EPS will expand 20.0%.
The average estimate for revenue is $149.3 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Sonic reported revenue of $149.4 million. GAAP reported sales were 1.8% lower than the prior-year quarter's $152.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.24. GAAP EPS were $0.24 for Q3 compared to -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.7%, 130 basis points better than the prior-year quarter. Operating margin was 20.7%, 180 basis points better than the prior-year quarter. Net margin was 9.6%, 1,270 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $542.0 million. The average EPS estimate is $0.59.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 369 members out of 419 rating the stock outperform, and 50 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Sonic a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonic is outperform, with an average price target of $9.09.
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The article Does The Street Have Sonic Figured Out? originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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