Shake Shack Inc reports results for the quarter ended December 31 - Earnings Summary

• Shake Shack Inc SHAK.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 18 cents to 29 cents per share.

• Revenue rose 14.8% to $328.68 million from a year ago; analysts expected $328.35 million.

• Shake Shack Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $8.71 million.

• Shake Shack Inc shares had fallen by 14.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 55.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Shake Shack Inc is $140.00

This summary was machine generated from LSEG data February 20 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)