Rick’s Cabaret International Earnings: Everything You Must Know Now
Rick’s Cabaret International Inc. (NASDAQ:RICK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Rick’s Cabaret International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.52% to $0.23 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 18.31% to $28.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rick’s Cabaret International Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company missed the mean analyst estimate of $0.26. It beat the average revenue estimate of $28.01 million.
Key Stats (on next page)…
Revenue decreased 1.5% from $28.73 million in the previous quarter. EPS decreased 20.69% from $0.29 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.30. For the current year, the average estimate has moved down from a profit of $1.20 to a profit of $1.13 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)