Adjusted Earnings Per Share increased 31.82% to $0.29 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Rick’s Cabaret International Inc. Earnings Cheat Sheet
"Results: Adjusted Earnings Per Share increased 31.82% to $0.29 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 12.95% to $28.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rick’s Cabaret International Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.26. It missed the average revenue estimate of $29.61 million.
Quoting Management: “Our growth continues as planned, with outstanding performance from our Jaguars acquisition, a terrific rollout of our new restaurant/nightclub concept in Dallas, and excellent progress on the five additional locations currently in the works,” said Eric Langan, president and CEO of Rick’s Cabaret.
Revenue increased 5.75% from $27.14 million in the previous quarter. EPS increased 3.57% from $0.28 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.33. For the current year, the average estimate has moved down from a profit of $1.5 to a profit of $1.2 over the last ninety days."