Earnings Preview: Shake Shack
Portfolio Pulse from Benzinga Insights
Shake Shack (NYSE:SHAK) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $0.01. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $77.62, reflecting a 36.97% increase over the last 52 weeks. Investors are optimistic but will focus on the company's guidance for future growth.
February 14, 2024 | 2:01 pm
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Shake Shack is anticipated to report an EPS of $0.01 for the quarter, with a history of beating estimates and positive stock reactions. Shares have risen 36.97% over the past year, indicating bullish sentiment.
Given Shake Shack's history of exceeding EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a positive short-term impact on SHAK's stock price, especially if the company provides optimistic future guidance. The 36.97% year-to-date increase in share price further supports a bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100