BJ's Restaurants (BJRI) Q4 Earnings Beat, Sales Miss Estimates
Zacks Investment Research | Feb 20, 2020 09:47PM ET
BJ's Restaurants, Inc. (NASDAQ:BJRI) reported fourth-quarter 2019 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed. This marked the company’s second straight quarter of earnings beat. Meanwhile, the top line missed estimates after beating the same in the preceding eight quarters.
Shares of BJ’s Restaurants declined 3.9% in the after-hours session on Feb 20, owing to the soft top-line performance. Though shares of the Zacks Rank #3 (Hold) stock gained 7.7% in the past three months, it underperformed the industry ’s 9.6% growth.
Adjusted earnings of 53 cents per share beat the Zacks Consensus Estimate of 44 cents by 20.5%. Moreover, the bottom line increased 8.2% year over year. On a GAAP basis, earnings per share were 75 cents.
Revenues & Comps
Total quarterly revenues of $291.1 million missed the consensus estimate of $291.5 million by a marginal 0.1%. However, the top line grew 3.8% year over year, driven by a 3% rise in total restaurant operating weeks and a 0.4% increase in average weekly sales.
BJ's Restaurants, Inc. Price, Consensus and EPS Surprise
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