On Wednesday, February 24th, Shake Shack (SHAK) will release its fourth quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of C.
Dave will look at Shake Shack’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Shake Shack ahead of earnings.
Shake Shack in Focus
Shake Shack Inc. is engaged in owning and operating restaurants. The company offers burgers, hot dogs, frozen custard, crinkle cut fries, beer and wine. It operates primarily in New York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts, Virginia, Nevada, London, Istanbul and Dubai. Shake Shack Inc. is headquartered in New York.
Shake Shack is expected to report earnings at $0.15 per share according to the Zacks Consensus Estimate. Last quarter they met earnings expectations at $0.15 per share. They have an average earnings surprise of 13.83%.
Shake Shack, Inc. Price and Consensus
Shake Shack, Inc. Price and Consensus | Shake Shack, Inc. Quote
How should investors play Shake Shack ahead of their earnings report? For insights on the best options trades, then tune in 1:00pm tomorrow to see David’s thoughts.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Shake Shack, Inc. (SHAK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research