Jack in the Box Inc reports results for the quarter ended in March - Earnings Summary

Jack In The Box

14/05/2024 17:01

* Jack in the Box Inc  JACK.OQ  reported quarterly adjusted
earnings of $1.46​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.47.  The mean expectation of twenty analysts for the
quarter was for earnings of $1.42 per share. Wall Street
expected results to range from $1.27  to $1.50 per share.
    * Revenue fell 7.7% to $365.35 million from a year ago;
analysts
expected $368.64 million. 
    * Jack in the Box Inc's reported EPS for the quarter was
$1.26​.
    * The company reported quarterly net income of $24.98
million.
    * Jack in the Box Inc shares had fallen by 22.5% this
quarter and
lost 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 13
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "buy"

Wall Street's median 12-month price target for Jack in the Box
Inc is $76.50 
This summary was machine generated from LSEG data May 14 at
04:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.42           1.46           Beat
 Dec. 31 2023      1.96           1.95           Missed
 Sep. 30 2023      1.15           1.09           Missed
 Jun. 30 2023      1.34           1.45           Beat