Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results tomorrow after the bell. Here's what to expect.
Last quarter Kura Sushi reported revenues of $51.48 million, up 30.9% year on year, in line with analyst expectations. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is Kura Sushi buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Kura Sushi's revenue to grow 28.9% year on year to $56.64 million, slowing down from the 40.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Kura Sushi's peers in the restaurants segment, only Darden (NYSE:DRI) has so far reported results, delivering top-line growth of 6.8% year on year, missing analyst estimates by 1.7%. The stock was down 4.9% on the results.
Read the full analysis of Darden's results on StockStory. Investors in the restaurants segment have had steady hands going into the earnings, with the stocks up on average 1.5% over the last month. Kura Sushi is up 16.9% during the same time, and is heading into the earnings with analyst price target of $99.3, compared to share price of $109.3.
