Jack in the Box Inc. Third Quarter Earnings Sneak Peek

Jack in the Box, Inc. (NASDAQ:JACK) will unveil its latest earnings on Wednesday, August 10, 2011. Jack in the Box Inc. owns, operates and franchises quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants.

Jack in the Box, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 40 cents per share, a decline of 18.4% 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 39 cents. For the year, analysts are projecting profit of $1.54 per share, a decline of 5.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of 13 cents per share versus a mean estimate of profit of 22 cents per share. In first quarter, the company beat estimates by 15 cents.

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Wall St. Revenue Expectations: On average, analysts predict $495.3 million in revenue this quarter, a decline of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $2.16 billion for the year, a decline of 6.1% from last year’s revenue of $2.3 billion.

Analyst Ratings: Analysts seem relatively indifferent about Jack in the Box with eight of 15 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past two quarters. In second quarter, revenue declined 4.6% to $505.1 million from the year earlier quarter. In the first quarter, the figure fell 2.4%.

Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Yum! Brands, Inc. (NYSE:YUM), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Sonic Corporation (NASDAQ:SONC), Wendy’s Arby’s Group Inc. (NYSE:WEN), Ruby Tuesday, Inc. (NYSE:RT), Panera Bread Company (NASDAQ:PNRA), and Starbucks Corporation (NASDAQ:SBUX).

Stock Price Performance: During July 7, 2011 to August 4, 2011, the stock price had dropped $1.95 (-8.3%) from $23.36 to $21.41. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 23, 2011 when shares rose for 10-straight days, rising 8.4% (+$1.73) over that span. It saw one of its worst periods between October 22, 2010 and October 29, 2010 when shares fell for six-straight days, falling 1.9% (-44 cents) over that span. Shares are up 28 cents (+1.3%) year to date.

(Source: Xignite Financials)

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