Kura Sushi Likely To Report Narrower Q1 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Kura Sushi USA, Inc. (NASDAQ:KRUS) is expected to report a narrower loss of 10 cents per share for Q1 2024 compared to a loss of 21 cents per share in the previous year. Revenue is anticipated to increase to $51.65 million from $39.75 million. The company had mixed results in Q4. Shares slightly declined by 0.1% to $73.18. Analysts have recently adjusted their price targets, with Barclays lowering it from $95 to $67, Craig-Hallum raising it from $88 to $108, Stephens & Co. maintaining at $85, and Citigroup initiating coverage with a target of $88.
January 04, 2024 | 4:19 pm
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Kura Sushi USA is expected to report a reduced quarterly loss and increased revenue. Analysts have recently updated their price targets, indicating mixed expectations.
The expected narrower loss and revenue increase for Kura Sushi USA could be seen as positive, but the mixed analyst ratings and recent share price decline suggest uncertainty. The short-term impact is likely neutral as the market may have already priced in the anticipated earnings improvement, and the varied analyst opinions could balance out the sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100