American restaurant chain BJ’s Restaurants (NASDAQ:BJRI) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.
BJ's met analysts’ revenue expectations last quarter, reporting revenues of $358.1 million, up 2.9% year on year. It was a mixed quarter for the company, with same-store sales in line with analysts’ estimates but a significant miss of analysts’ EPS estimates.
Is BJ's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BJ’s revenue to grow 3.1% year on year, slowing from the 4.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. BJ's has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at BJ’s peers in the sit-down dining segment, some have already reported their Q2 results, giving us a hint as to what we can expect. The Cheesecake Factory delivered year-on-year revenue growth of 7.7%, beating analysts’ expectations by 2.9%, and Darden reported revenues up 13.7%, in line with consensus estimates.
Read our full analysis of The Cheesecake Factory’s results here and Darden’s results here.
Investors in the sit-down dining segment have had steady hands going into earnings, with share prices flat over the last month. BJ's is up 16.2% during the same time and is heading into earnings with an average analyst price target of $58.88 (compared to the current share price of $68.97).
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