Buffalo Wild Wings Third Quarter Earnings Sneak Peek

Buffalo Wild Wings (NASDAQ:BWLD) will unveil its latest earnings on Wednesday, October 19, 2011. Buffalo Wild Wings is an owner, operator, and franchiser of restaurants.

Buffalo Wild Wings Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 58 cents per share, a rise of 23.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 55 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 58 cents during the last month. For the year, analysts are projecting profit of $2.65 per share, a rise of 26.2% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of 58 cents per share versus a mean estimate of profit of 60 cents per share. In the first quarter, the company beat estimates by 8 cents.

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Wall St. Revenue Expectations: On average, analysts predict $190.3 million in revenue this quarter, a rise of 25.7% from the year ago quarter. Analysts are forecasting total revenue of $761.7 million for the year, a rise of 24.2% from last year’s revenue of $613.3 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 16.4% to $10.7 million (58 cents a share) from $9.2 million (50 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 26.4% to $184.1 million from $145.7 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 18.3%, with the biggest boost coming in the most recent quarter when revenue rose 26.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 40.7% in the first quarter and 22% in the fourth quarter of the last fiscal year.

Competitors to Watch: Landry’s Restaurants, Inc (LNY), Ark Restaurants Corp. (NASDAQ:ARKR), Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), Brinker Intl., Inc. (NYSE:EAT), O’Charley’s Inc. (NASDAQ:CHUX), Flanigan’s Enterprises, Inc. (AMEX:BDL), California Pizza Kitchen, Inc. (NASDAQ:CPKI), BJ’s Restaurants, Inc. (NASDAQ:BJRI), Benihana Inc. (NASDAQ:BNHNA), and P.F. Chang’s China Bistro (NASDAQ:PFCB).

Stock Price Performance: During July 20, 2011 to October 13, 2011, the stock price had fallen $8.77 (-12.8%) from $68.52 to $59.75. It saw one of its worst periods between July 19, 2011 and July 29, 2011 when shares fell for nine-straight days, falling 8.3% (-$5.78) over that span. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven-straight days, rising 6.8% (+$3.54) over that span. Shares are up $15.90 (+36.3%) year to date.

(Source: Xignite Financials)

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