Kura Sushi USA Inc reports results for the quarter ended May 31 - Earnings Summary

• Kura Sushi USA Inc KRUS.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of ten analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -12 cents to 5 cents per share.

• Revenue rose 17.3% to $73.97 million from a year ago; analysts expected $71.83 million.

• Kura Sushi USA Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $565 thousand.

• Kura Sushi USA Inc shares had fallen by 0.2% this quarter and lost 5.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 124.9% in the last three months.​

• In the last 30 days, two 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 $79.00, about 8.7% below its last closing price of $85.88

This summary was machine generated from LSEG data July 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)