Kura Sushi USA Inc reports results for the quarter ended February 28 - Earnings Summary

• Kura Sushi USA Inc KRUS.OQ reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of ten analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -40 cents to -5 cents per share.

• Revenue rose 13.3% to $64.89 million from a year ago; analysts expected $64.91 million.

• Kura Sushi USA Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $3.78 million.

• Kura Sushi USA Inc shares had fallen by 15.4% this quarter and lost 52.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.4% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "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 Kura Sushi USA Inc is $100.00

This summary was machine generated from LSEG data April 8 at 09:00 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)