Will JACK going to beat the earnings significantly today?
10/31/2024 00:53am
**Jack in the Box (JACK) is not expected to beat earnings significantly today.** Here's why:
1. **Earnings Expectations**: The consensus estimates for JACK's earnings per share (EPS) are lower than the actual EPS reported in the previous quarter. According to Zacks, the consensus EPS for JACK in Q2 2024 was $1.50, but the company reported $1.46, representing a surprise of +2.10%. For Q3 2024, the consensus EPS was $1.65, which JACK beat by +13.8%, but the revenue missed the consensus.
2. **Recent Performance**: JACK's stock price has experienced a 10.2% decline since the last earnings report, indicating a negative market sentiment. This decline suggests that investors may have lower expectations for today's earnings.
3. **Industry Trends**: The fast-food industry is facing challenges, including declining revenues and profits. For example, El Pollo Loco reported flat year-on-year revenue, and Wendy's reported revenues up by only 1.6%, both falling short of estimates. This suggests that JACK may be facing similar pressures, making it less likely to exceed expectations.
4. **Lack of Positive Analyst Ratings**: There is no recent positive news or analyst ratings suggesting that JACK is poised to beat earnings significantly today. In fact, the recent decline in stock price and the lack of recent positive news articles suggest a cautious outlook.
In conclusion, based on the available information, it is unlikely that JACK will beat earnings significantly today. The company's recent performance, industry trends, and lack of positive analyst ratings all point to a more conservative outlook.