Financial News

BJ's (BJRI) Q3 Earnings: What To Expect

BJRI Cover Image

American restaurant chain BJ’s Restaurants (NASDAQ:BJRI) will be reporting results tomorrow after the bell. Here’s what to look for.

BJ's met analysts’ revenue expectations last quarter, reporting revenues of $349.9 million, flat year on year. It was a very strong quarter for the company, with a solid beat of analysts’ earnings and EBITDA estimates.

Is BJ's a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting BJ’s revenue to grow 2% year on year to $325 million, in line with the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

BJ's Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BJ's has missed Wall Street’s revenue estimates three times over the last two years.

Looking at BJ’s peers in the sit-down dining segment, some have already reported their Q3 results, giving us a hint as to what we can expect. The Cheesecake Factory delivered year-on-year revenue growth of 4.2%, meeting analysts’ expectations, and Texas Roadhouse reported revenues up 13.5%, in line with consensus estimates. Texas Roadhouse traded up 3.6% following the results.

Read our full analysis of The Cheesecake Factory’s results here and Texas Roadhouse’s results here.

There has been positive sentiment among investors in the sit-down dining segment, with share prices up 4.2% on average over the last month. BJ's is up 14.2% during the same time and is heading into earnings with an average analyst price target of $39.75 (compared to the current share price of $37.64).

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