Restaurant Brands International Inc reports results for the quarter ended June 30 - Earnings Summary

• Restaurant Brands International Inc QSR.N reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 90 cents to $1.01 per share.

• Revenue rose 15.9% to $2.41 billion from a year ago; analysts expected $2.32 billion.

• Restaurant Brands International Inc's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $189 million.

• Restaurant Brands International Inc shares had risen by 3.5% this quarter and gained 5.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 7 "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 Restaurant Brands International Inc is $77.00, about 10.9% above its last closing price of $68.60

This summary was machine generated from LSEG data August 7 at 04:19 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)