Sushi restaurant chain Kura Sushi NASDAQ:KRUSwill be reporting results this Tuesday after market close. Here’s what you need to know.
Kura Sushi beat analysts’ revenue expectations last quarter, reporting revenues of $80.02 million, up 23.3% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Kura Sushi a buy or sell going into earnings? .
This quarter, the market is expecting Kura Sushi’s revenue to grow 16.9% year on year, in line with the 17.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kura Sushi has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kura Sushi’s peers in the restaurants segment, only Darden has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 13.7%. Read our full analysis of .
There has been positive sentiment among investors in the restaurants segment, with share prices up 18% on average over the last month. Kura Sushi is up 29.5% during the same time and is heading into earnings with an average analyst price target of $78.70 (compared to the current share price of $58).
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