Will Jack in the Box (JACK) Stock be Helped by Earnings Beat?

NEW YORK (TheStreet) -- Jack in the Box (JACK) released its 2015 second quarter earnings results after the market close on Wednesday afternoon and the restaurant chain company said its financial results improved year-over-year and topped analysts' expectations.

For the most recent quarter the company said its non-GAAP earnings were 69 cents per share, up from the 51 cents per share reported in the 2014 second quarter.

Analysts had forecast for earnings of 67 cents for the quarter.

Revenue for the quarter was $358 million, versus the $340 million reported for the same period last year, and above the $356.14 million analysts had predicted.

"We're pleased with our second quarter performance, which culminated in a 35 percent increase in operating earnings per share resulting from strong same-store sales growth and margin expansion at both Jack in the Box and Qdoba Mexican Grill," company CEO Lenny Comma said in a statement.

Shares of Jack in the Box are up by 0.07% to $91.84 in after-hours trading today. 

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 multiple strengths, 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."

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