Shake Shack, Inc. (NYSE:SHAK) specialty restaurant operator, is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.21 per share.
For the full year, analysts predict revenues of $ 510.31 million, while looking forward to loss of $ 0.77 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 712.00 million ~ $ 720.00 million
Click Here For More Historical Outlooks Of Shake Shack, Inc.
Previous Quarter Performance
Shake Shack, Inc. unveiled loss for the second quarter of $ 0.45 per share, from the revenue of $ 91.79 million. According to street consensus, SHAK was expected to report 2Q20 loss of $ 0.37 per share from revenue of $ 93.01 million. The bottom line results missed street analysts by $ 0.08 or 21.62 percent, at the same time, top line results fell short of analysts by $ 1.22 million or 1.31 percent.
Stock Performance
Shares of Shake Shack, Inc. traded low $ -4.86 or -6.84 percent on Wednesday, reaching $ 66.18 with volume of 821.30 thousand shares. Shake Shack, Inc. has traded high as $ 69.37 and has cracked $ 66.05 on the downward trend
According to the previous trading day, closing price of $ 66.18, representing a 136.72 % increase from the 52 week low of $ 30.01 and a 16.84 % decrease over the 52 week high of $ 85.43.
The company has a market capital of $ 2.74 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 69.00 target price.
- On 2nd October 2020, initiated by Loop Capital at Buy rating, with $ 78.00 target price.
- On 14th September 2020, maintained by Piper Sandler at Overweight rating, with $ 78.00 target price.
Conference Call
Shake Shack, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.shakeshack.com
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products.
