Earnings Update: Here's Why Analysts Just Lifted Their First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Price Target To US$27.89 [Yahoo! Finance]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Yahoo! Finance
The early response was not positive, with shares down 2.3% to US$24.79 in the past week. Results were roughly in line with estimates, with revenues of US$892m and statutory earnings per share of US$0.41. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. View our latest analysis for First Watch Restaurant Group Taking into account the latest results, the most recent consensus for First Watch Restaurant Group from eight analysts is for revenues of US$1.05b in 2024. If met, it would imply a notable 18% increase on its revenue over the past 12 months. Per-share earnings are expected to climb 10% to US$0.47. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.03b and earnings per share (EPS) of US
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FWRG
News
- First Watch Restaurant Group, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- First Watch Restaurant (FWRG) Boosts Presence in North Carolina [Yahoo! Finance]Yahoo! Finance
- First Watch Acquires 21 Franchise Restaurants in North Carolina [Yahoo! Finance]Yahoo! Finance
- First Watch Acquires 21 Franchise Restaurants in North CarolinaGlobeNewswire
- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) had its "hold" rating re-affirmed by analysts at TD Cowen. They now have a $26.00 price target on the stock.MarketBeat
FWRG
Earnings
- 3/5/24 - In-Line
FWRG
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 144
- 4/15/24 - Form 8-K
- FWRG's page on the SEC website