Ruth’s Hospitality Group Earnings: Everything You Must Know Now

Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Ruth’s Hospitality Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.65% to $0.20 in the quarter versus EPS of $0.17 in the year-earlier quarter.

Revenue: Rose 4.19% to $101.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ruth’s Hospitality Group Inc. reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $101.52 million.

Quoting Management: Michael P. O’Donnell, Chairman, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc., stated, “We maintained our operating momentum during the second quarter, highlighted by the 13th straight quarter of positive comparable sales growth and an 18% increase in our adjusted earnings per share. As we look to the second half of 2013, we are excited about the health of our business and our prospects for continued growth. With a healthy capital structure and growing free cash flow, we are well-positioned to reinvest in our existing business, continue to invest in new restaurant development and return capital to shareholders, which we believe will drive shareholder value.”

Key Stats (on next page)…

Revenue decreased 5.18% from $107.36 million in the previous quarter. EPS decreased 20% from $0.25 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.03 and has not changed. For the current year, the average estimate has moved up from a profit of $0.59 to a profit of $0.61 over the last ninety days.

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