What Awaits Cheesecake Factory's (CAKE) This Earnings Season?
Zacks Investment Research | Feb 16, 2020 10:07PM ET
The Cheesecake Factory Incorporated (NASDAQ:CAKE) is scheduled to report fourth-quarter fiscal 2019 results on Feb 19. In the last reported quarter, the company’s bottom line surpassed the Zacks Consensus Estimate by 9.3%. Its earnings beat estimates in three out of the trailing four quarters.
How Are Estimates Faring?
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 61 cents, which suggests an increase from 60 cents registered in the year-ago quarter. Notably, the company’s earnings estimate for the quarter has been stable in the past 30 days. For quarterly revenues, the consensus mark is pegged at nearly $704 million. The figure suggests 20.3% increase from the prior-year quarter’s reported figure.
Let’s delve to find out how the company’s top and the bottom line will shape up in the upcoming quarterly release.
The Cheesecake Factory Incorporated Price and EPS Surprise
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