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.

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Ruth’s Hospitality Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 46.67% to $0.22 in the quarter versus EPS of $0.15 in the year-earlier quarter.

Revenue: Rose 6.31% to $107.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ruth’s Hospitality Group Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $105.97 million.

Quoting Management: Michael P. O’Donnell, Chairman, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc., stated, “We’re pleased to begin 2013 with strong growth in sales and earnings. Our Ruth’s Chris brand generated its 12th straight quarter of positive comparable sales and our initiatives at Mitchell’s continue to drive improvement in the business. Our results reflect a high-level of execution from our valued franchise partners and all of our company team members.”

Key Stats (on next page)…

Revenue decreased 6.67% from $115.08 million in the previous quarter. EPS increased 22.22% from $0.18 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 $0.17 and has not changed. For the current year, the average estimate has moved up from a profit of $0.55 to a profit of $0.57 over the last ninety days.

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

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