Upscale restaurant company The One Group Hospitality (NASDAQ:STKS) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
The ONE Group missed analysts’ revenue expectations by 10% last quarter, reporting revenues of $194 million, up 152% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is The ONE Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting The ONE Group’s revenue to grow 142% year on year to $217.7 million, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at The ONE Group’s peers in the sit-down dining segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Brinker International delivered year-on-year revenue growth of 26.5%, beating analysts’ expectations by 9.6%, and BJ's reported revenues up 6.4%, topping estimates by 2.3%. Brinker International traded up 18% following the results while BJ's was also up 6.6%.
Read our full analysis of Brinker International’s results here and BJ’s results here.
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