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

• Shake Shack Inc SHAK.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 12 cents to 22 cents per share.

• Revenue rose 10.5% to $320.90 million from a year ago; analysts expected $328.08 million.

• Shake Shack Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $4.25 million.

• Shake Shack Inc shares had fallen by 0.5% this quarter and lost 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.8% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 11 "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 $105.00

This summary was machine generated from LSEG data May 1 at 01:31 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)