Earnings Preview For Shake Shack

Shake Shack (NYSE:SHAK) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Shake Shack to report an earnings per share (EPS) of $0.19.

Investors in Shake Shack are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

Last quarter the company missed EPS by $0.00, which was followed by a 5.84% drop in the share price the next day.

Here's a look at Shake Shack's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.27

0.10

0.01

0.10

EPS Actual

0.27

0.13

0.02

0.17

Price Change %

-6.0%

2.0%

-0.0%

5.0%

Stock Performance

Shares of Shake Shack were trading at $114.26 as of October 28. Over the last 52-week period, shares are up 99.42%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on Shake Shack

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Shake Shack.

A total of 16 analyst ratings have been received for Shake Shack, with the consensus rating being Neutral. The average one-year price target stands at $115.38, suggesting a potential 0.98% upside.

Comparing Ratings with Competitors

The following analysis focuses ...