Investing
What To Expect From Restaurant Brands’s (QSR) Q3 Earnings
What To Expect From Restaurant Brands’s (QSR) Q3 Earnings
Fast-food company Restaurant Brands International (NYSE:)
will be announcing earnings results tomorrow before market open. Here’s what investors should know.
Last quarter Restaurant Brands reported revenues of $1.78 billion, up 8.3% year on year, beating analyst revenue expectations by 1.55%. It was a decent quarter for the company, with a solid beat of analysts’ revenue estimates.
Is Restaurant Brands buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Restaurant Brands’s revenue to grow 8.24% year on year to $1.87 billion, slowing down from the 15.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing seven downward revisions over the last thirty days. The company only missed Wall St’s revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.09%.
Looking at Restaurant Brands’s peers in the traditional fast food segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. McDonald’s (NYSE:) delivered top-line growth of 14% year on year, beating analyst estimates by 2.16% and Yum China reported revenues up 8.53% year on year, missing analyst estimates by 5.65%. McDonald’s traded up 2.44% on the results, Yum China was down 11.1%.
Read the full analysis of McDonald’s’s and Yum China’s results on StockStory.
Investors in the traditional fast food segment have had steady hands going into the earnings, with the stocks down on average 0.58% over the last month. Restaurant Brands is up 4.67% during the same time, and is heading into the earnings with analyst price target of $79.5, compared to share price of $67.1.
The author has no position in any of the stocks mentioned.
Read the full article here
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