Famous Dave’s Of America: Here’s What Investors Need to Know Before Earnings

Famous Dave’s Of America (NASDAQ:DAVE) will report earnings after markets close on Wednesday, July 24th. Famous Dave’s of America, Inc. operates and franchises restaurants under the name Famous Dave’s. The Company’s restaurants are located in Minnesota, Wisconsin, Iowa, Illinois, Maryland, Nebraska, and Virginia. Famous Dave’s restaurants feature hickory smoked off-the-grill meat entree favorites served in various casual formats.

Here is your Cheat Sheet to Famous Dave’s Of America Earnings:

Earnings Expectations: Analysts expect earnings of $0.23 per share on revenues of $41.79 million. Currently, the company’s P/E ratio stands at 35.70.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.16 to a profit $0.19. For the current year, the average estimate is a profit of $0.56, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Famous Dave’s Of America has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 140 136 148 155 155
Diluted EPS ($) 0.04 0.62 0.82 0.68 0.57

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 41.32 39.92 36.26 36.60
Diluted EPS ($) 0.25 0.11 0.10 0.01

Past Performance:
Famous Dave’s Of America has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)