The Cheesecake FactoryCAKE
▲ PositiveCapitalrelevance
Q2 earnings beat and raised analyst forecasts
Impact on assets 1
Consumer Discretionary
The Cheesecake FactoryCheesecake Factory Beats Q2 Estimates, Analysts Raise Forecasts
2▲1 ▼0Impact / 5
The Cheesecake Factory posted second-quarter results that beat expectations, with revenue up 7.7% year over year to $1.03 billion and adjusted earnings of $1.44 per share versus the $1.17 consensus. Following the report, 10 analysts raised current-year estimates over the last 60 days, lifting the Zacks Consensus Estimate from $4.01 to $4.47 per share, and 10 analysts also raised next-year estimates with no downward revisions. The company now carries a Zacks Rank #1 (Strong Buy), with current-year earnings growth forecast at 18.5% and next-year consensus around $4.96 per share. Revenue is expected to grow about 6.8% this year and another 6.77% next year.
The Cheesecake FactoryQ2 earnings beat and raised analyst forecasts