SONC is up 1+ on relatively low volume. Hopefully, it is due to an upcoming earnings report. Any other thoughts?Does anyone know when the earnings report is due to be released?
I believe earnings for the year ended 8/30 are due out on October 20. I think the 2 point gain is just making up for recent losses, but hopefully it is an indication of upcoming good news.
Estimates are $.38 vs .33 previous, a 15.2%increase. Earnings of $7.6 mil vs. $6.6mil.McDonald's estimates are 7.8% over last years' and industryaverage is -.4%. Obviously Sonic is improving theirmarket share.