Kura Sushi (KRUS) Q4 Earnings: What To Expect
Stock Story
Published Nov 07, 2023 02:01AM ET
Updated Nov 07, 2023 06:34AM ET
Kura Sushi (KRUS) Q4 Earnings: What To Expect
Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results tomorrow after the bell. Here's what to look for.
Last quarter Kura Sushi reported revenues of $49.2 million, up 29.7% year on year, missing analyst expectations by 0.7%. It was a weak quarter for the company, with revenue missing Wall Street's expectations.
Is Kura Sushi buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Kura Sushi's revenue to grow 32.4% year on year to $55.6 million, slowing down from the 50.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.24 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Kura Sushi's peers in the sit-down dining segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Bloomin' Brands (NASDAQ:BLMN) delivered top-line growth of 2.3% year on year, missing analyst estimates by 0.2% and Texas Roadhouse (NASDAQ:TXRH) reported revenues up 12.9% year on year, missing analyst estimates by 0.1%. Bloomin' Brands traded down 6.7% on the results, Texas Roadhouse was down 1.7%.
Read the full analysis of Bloomin' Brands's and Texas Roadhouse's results on StockStory.
There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 4.8% over the last month. Kura Sushi is down 7.2% during the same time, and is heading into the earnings with analyst price target of $87.7, compared to share price of $64.72.
The author has no position in any of the stocks mentioned.
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