Please Wait...

HOME | ABOUT US | CONSULTING FEES | CONSULTING SERVICES | HOW WE HELP | TESTIMONIALS | BLOG | CONTACT US
MENU



CALL US

BLOG

Blog RSS Feed - Subscribe

Cheesecake Factory (CAKE) Misses Q2 Earnings Estimates

Cheesecake Factory (CAKE) just came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -19.75%. A quarter ago, it was expected that this restaurant chain would post earnings of $0.68 per share when it actually produced earnings of $0.56, delivering a surprise of -17.65%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Cheesecake Factory, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $593.18 million for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $569.87 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Cheesecake Factory shares have added about 18.7% since the beginning of the year versus the S&P 500's gain of 4.8%.

 

https://finance.yahoo.com/news/cheesecake-factory-cake-misses-q2-212509463.html?.tsrc=rss

Post a Comment

Your Name:
Your Email:
Your Comment:
Your comment will be posted after approval.

 

Contact Information

 

(303)883-3355

 

 

 

 

Connect With Us

 

Like Us on Facebook!    Follow Us on LinkedIn! 

 

 

 

Our Services

 

Strategic Sourcing & Contract Pricing Administration | Distributor Master Agreements | Convention & Meeting Services with our partner Unbridled | Conference Fund Raising Services

©2019 SC2, LLC Colorado 

Back to TopHOME|ABOUT US|CONSULTING SERVICES|HOW WE HELP|TESTIMONIALS|BLOG|CONTACT US | Site Map