These Analysts Revise Their Forecasts On Jack In The Box Following Q4 Results
Portfolio Pulse from Lisa Levin
Jack In The Box Inc. (NASDAQ:JACK) reported Q4 earnings of $1.09 per share, missing the $1.15 estimate, but slightly beat revenue expectations with $372.524 million. The company's full-year 2024 earnings forecast is below estimates at $6.25 to $6.50 per share, compared to the expected $6.60. Despite this, JACK shares rose 3.5% to $71.28. Analysts from TD Cowen, Morgan Stanley, and RBC Capital adjusted their price targets following the earnings report.
November 22, 2023 | 4:56 pm
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NEUTRAL IMPACT
Jack In The Box reported lower-than-expected Q4 earnings and a cautious FY2024 forecast, but shares increased by 3.5%. Analysts have revised their price targets with mixed adjustments.
The mixed earnings report and the subsequent price target adjustments by analysts present a nuanced picture for JACK. The earnings miss and lower guidance are negative signals, but the stock price increase suggests some investor optimism. The adjustments in price targets by analysts reflect a recalibration of expectations rather than a clear directional consensus, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100