Q3 Earnings Preview For Red Robin Gourmet Burgers
Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) announces its next round of earnings this Tuesday, Nov. 6. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.
Earnings and Revenue
Analysts predict Red Robin will report earnings of 11 cents per share on revenue of $305.08 million.
Red Robin EPS in the same period a year ago totaled 21 cents. Sales were $304.28 million. The analyst consensus estimate would represent a 47.62 percent decrease in the company's earnings. Revenue would be up 0.27 percent on a year-over-year basis. Red Robin's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 0.48 | 0.75 | 0.54 | 0.3 |
EPS Actual | 0.46 | 0.69 | 0.78 | 0.21 |
Stock Performance
Over the last 52-week period, shares are down 53.24 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Red Robin. The strength of this rating has maintained conviction over the past three months.
Conference Call
Red Robin's Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/xf5kqa6j
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