Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results tomorrow after market close. Here’s what to expect.
Kura Sushi met analysts’ revenue expectations last quarter, reporting revenues of $63.08 million, up 28.1% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings estimates and full-year revenue guidance missing analysts’ expectations.
Is Kura Sushi a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Kura Sushi’s revenue to grow 16.6% year on year to $64.02 million, slowing from the 30.8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kura Sushi has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Kura Sushi’s peers in the sit-down dining segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Brinker International delivered year-on-year revenue growth of 12.5%, beating analysts’ expectations by 3.4%, and The Cheesecake Factory reported revenues up 4.2%, in line with consensus estimates. Brinker International’s stock price was unchanged after the results, and The Cheesecake Factory’s price followed a similar reaction.
Read our full analysis of Brinker International’s results here and The Cheesecake Factory’s results here.
There has been positive sentiment among investors in the sit-down dining segment, with share prices up 4.7% on average over the last month. Kura Sushi is up 11.3% during the same time and is heading into earnings with an average analyst price target of $78.50 (compared to the current share price of $90.58).
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