Shake Shack is set to report its third-quarter results after Wednesday’s closing bell. Here are the key numbers that Wall Street analysts surveyed by Bloomberg are expecting:
- Earnings per share: $0.13
- Revenue: $116.8 million
Last quarter, Shake Shack said delays in new store openings would slow its revenue growth. The burger chain reaffirmed its full-year revenue guidance of between $446 million and $450 million, disappointing the Street. Analysts polled by Reuters had expected the company to raise its 2018 revenue forecast to $452.3 million.
Ahead of the results, Wall Street had an average price target of $54.63 a share — little changed from where shares were trading on Thursday.
Shake Shack was up 27% this year.
Source: Business insider