The Cheesecake Factory Incorporated (NASDAQ:CAKE) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.42 per share.
For the full year, analysts predict revenues of $ 1988.66 million, while looking forward to loss of $ 1.14 per share.
Previous Quarter Performance
The Cheesecake Factory Incorporated unfold loss for the second quarter of $ 0.87 per share, from the revenue of $ 295.85 million. Street analysts expected The Cheesecake Factory Incorporated to report loss of $ 1.09 per share on revenue of $ 304.23 million for the second quarter. The bottom line results beat street analysts by $ 0.22 or 20.18 percent, at the same time, top line results fell short of analysts by $ 8.38 million or 2.75 percent.
Stock Performance
Shares of The Cheesecake Factory Incorporated traded low $ -1.38 or -4.54 percent on Wednesday, reaching $ 29.05 with volume of 1.09 million shares. The Cheesecake Factory Incorporated has traded high as $ 30.18 and has cracked $ 28.95 on the downward trend
According to the previous trading day, closing price of $ 29.05, representing a 109.57 % increase from the 52 week low of $ 14.52 and a 32.74 % decrease over the 52 week high of $ 45.24.
The company has a market capital of $ 1.32 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Wedbush at Neutral rating, with $ 31.00 target price.
- On 14th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 26.00 target price.
- On 18th September 2020, maintained by Piper Sandler at Overweight rating, with $ 38.00 target price.
Conference Call
The Cheesecake Factory Incorporated will be hosting a conference call at 5:00 PM eastern time on 29th 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.thecheesecakefactory.com
The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.
