Jack in the Box (JACK) Stock Up on Earnings Results, Guidance
NEW YORK (TheStreet) -- Shares of Jack in the Box (JACK) - Get Report are rising by 3.59% to $72.50 in pre-market trading on Wednesday morning, following the release of the fast food restaurant company's 2015 fourth quarter earnings results, which were announced after the close last night.
The company reported a year over year growth in profit and revenue for the three month period ended on September 27. Jack in the Box has also issued better than expected full year 2016 earnings guidance.
On a non-GAAP adjusted basis the company posted earnings of 62 cents per share versus the 54 cents per share reported for the same quarter in 2014.
Total revenue for the fourth quarter was $354.1 million, a 2.7% increase from the 2014 fourth quarter.
These results, however, were short of the 65 cents per share on revenue of $357 million analysts surveyed by Thomson Reuters were expecting.
Looking ahead to fiscal 2016, Jack in the Box is expecting earnings between $3.55 and $3.70 per share, while analysts have forecast for earnings of $3.56 per share.
Separately, TheStreet Ratings team rates JACK IN THE BOX INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate JACK IN THE BOX INC (JACK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: JACK
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