What's In Store For Habit Restaurants (HABT) Q4 Earnings?
Zacks Investment Research | Mar 03, 2020 09:45PM ET
The Habit Restaurants, Inc. (NASDAQ:HABT) is likely to witness decline in the bottom line, when it reports fourth-quarter 2019 results. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 500%.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 2 cents, lower than 3 cents reported in the prior-year quarter. In the past 30 days, the company’s earnings estimates were revised upwards by a couple of cents. Moreover, the Zacks Consensus Estimate for revenues is $121 million, suggesting growth of 17.8% from the prior-year reported figure.
Factors at Play
Habit Restaurants’ differentiated brand positioning, successful marketing and culinary innovation are likely to have driven the fourth-quarter performance. We believe that excellent operational execution, high quality limited time offers, targeted digital strategies and innovative media partnerships might have contributed to the company’s traffic in the fourth quarter and consequently comps.
However, higher costs are likely to have affected the to-be-reported quarter’s performance. Further, pre-opening costs are likely to have weighed on the company’s fourth-quarter margin.
The Habit Restaurants, Inc. Price and EPS Surprise
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