Jack in the Box Second Quarter Earnings Sneak Peek

Jack in the Box, Inc. (NASDAQ:JACK) will unveil its latest earnings on Wednesday, May 16, 2012. Jack in the Box 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 profit of 32 cents per share, a rise of more than twofold 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 31 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.34 per share, a decline of 16.8% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 27 cents per share against the mean estimate of 26 cents. In the prior quarter, the company reported net income of 49 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 0.5% in revenue from the year-earlier quarter to $502.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Jack in the Box with six of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the first quarter, profit fell 63.1% to $11.9 million (27 cents a share) from $32.4 million (61 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 1.8% to $652.7 million from $664.7 million.

>Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 10.5% in the fourth quarter of the last fiscal year from the year earlier, dropped 0.8% in third quarter of the last fiscal year from the year-ago quarter and 4.6% in the second quarter of the last fiscal year.

The decrease in profit in the first quarter came after net income rose in the previous quarter. In the fourth quarter of the last fiscal year, net income rose more than fivefold.

Stock Price Performance: Between March 16, 2012 and May 14, 2012, the stock price had fallen $1.60 (-6.7%), from $23.94 to $22.34. 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, increasing 8.4% (+$1.73) over that span. It saw one of its worst periods between March 29, 2012 and April 10, 2012 when shares fell for eight straight days, dropping 5.9% (-$1.42) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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