What to Expect When Jack in the Box (JACK) Reports Q3 Earnings
NEW YORK (TheStreet) -- Jack in the Box (JACK) - Get Report shares closed Tuesday's trading session down 1.56% to $68.74 even though analysts are expecting the company to post a year-over-year increase in profit and revenue.
When the company posts its fiscal 2016 second quarter results on Wednesday after the market close, Wall Street is looking for earnings of 70 cents a share on revenue of $360.22 million.
A year ago, the company earned 69 cents a share on revenue of $358.12 million.
Overall, same-store sales have been "outperforming the industry consistently over the past several quarter," Zacks analysts said as they remain bullish ahead of earnings.
Key drivers include menu innovation and double-digit growth in catering sales. Additionally, the company's digital platform should lift sales and traffic in the upcoming quarter.
Based in San Diego, Jack in the Box operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the U.S.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C+.
Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: JACK
