On Tuesday 29th October 2024, The Cheesecake Factory Incorporated (NASDAQ: CAKE) will be releasing its third quarter financial results. This much awaited announcement will be made after market close.
the enterprise is projected to announce an estimated per share $0.49 profit for the quarter, as predicted by financial analysts on Wall Street. Moreover, the company is expected to disclose a total revenue of $866.19 million for this period.
Wall Street analysts have shared their forecasts for the company's annual performance, predicting a total revenue of $3.58 billion. Additionally, they expect the company to post profit of $3.21 per share for the fiscal year.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $0.39. This numbers can be credited to the company's total revenue, which amounted to an impressive $830.21 million during the same quarter.
Additionally, The company will host a conference call with investors and analysts on 29th October 2024 at 05:00 PM eastern time to review the Q3 2024 financial results.
The Cheesecake Factory Incorporated (CAKE) shares traded as low as $41.68 and as high as $42.60 on a day volume of 727.30 thousand shares, closed Friday's regular trading session at $42.04, an upturn of 1.28 percent.
