Restaurant Brands International Inc. (NYSE:QSR) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,320.00 million ~ $ 1,340.00 million
Click Here For More Historical Outlooks Of Restaurant Brands International Inc.
Previous Quarter Performance
Restaurant Brands International Inc. announced income for the second quarter of $ 0.33 per share, from the revenue of $ 1,048.00 million. The quarterly earnings contracted 53.52 percent while revenues reduced 25.14 percent compared with the same quarter last year.
According to street consensus, QSR was expected to report 2Q20 income of $ 0.56 per share from revenue of $ 1150.00 million. The bottom line results missed street analysts by $ 0.23 or 41.07 percent, at the same time, top line results fell short of analysts by $ 102 million or 8.87 percent.
Stock Performance
Shares of Restaurant Brands International Inc. traded low $ -0.30 or -0.53 percent on Friday, reaching $ 56.78 with volume of 1.15 million shares. Restaurant Brands International Inc. has traded high as $ 57.51 and has cracked $ 56.12 on the downward trend
According to the previous trading day, closing price of $ 56.78, representing a 127.59 % increase from the 52 week low of $ 25.08 and a 16.55 % decrease over the 52 week high of $ 68.40.
The company has a market capital of $ 17.20 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 68.00 target price.
Conference Call
Restaurant Brands International Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rbi.com
Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK.
