Shake Shack Hops Over a Low Bar Once Again [The Motley Fool]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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US:NYSE Investor Relations:
investor.shakeshack.com/investors-overview/overview/default.aspx
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Source: The Motley Fool
Weak analyst estimates helped drive a post-earnings surge, but opening the Asian market could be the real prize here. Shake Shack ( NYSE:SHAK ) shares soared after the company breezed past estimates in its first-quarter earnings report. The better-burger chain said revenue increased 29.1% to $99.1 million, ahead of expectations of $96.3 million, while adjusted earnings per share increased from $0.10 to $0.15, crushing the consensus of $0.08. The company also made some upward revisions to its full-year guidance. Longtime followers of the stock shouldn't be surprised by the earnings beat, however; Wall Street has chronically underestimated the fast-casual chain. As you can see from the chart below, Shake Shack has beaten earnings estimates every quarter except one, when it matched: Quarter Actual Result Analyst Estimate Surprise Q2 2015 $0.09 $0.03 200% Q3 2015 $0.12 $0.07 71% Q4 2015 $0.08 $0.07 14% Q1 2016 $0.08
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News
- CMPGY or SHAK: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- The World's Best Tequila—According To The 2024 London Spirits Competition [Forbes]Forbes
- The World's Best Bourbon—According To The 2024 London Spirits Competition [Forbes]Forbes
- The Sneaky Way Fast Food Restaurants Are Getting You To Spend More Money [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Morgan Stanley from $88.00 to $105.00. They now have an "equal weight" rating on the stock.MarketBeat
SHAK
Earnings
- 2/15/24 - Beat
SHAK
Sec Filings
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- 3/21/24 - Form 8-K
- SHAK's page on the SEC website