Recap: Texas Roadhouse Q4 Earnings
Portfolio Pulse from Benzinga Insights
Texas Roadhouse (NASDAQ:TXRH) reported Q4 earnings with an EPS of $1.08, beating estimates by 1.89% and showing a revenue increase of $154.47 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 3.25% the following day. The company has had varied performance over the past quarters but has shown growth in revenue.
February 15, 2024 | 9:10 pm
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POSITIVE IMPACT
Texas Roadhouse reported a positive Q4 earnings surprise with an EPS of $1.08, surpassing estimates and showing significant revenue growth from the previous year.
The positive earnings report, especially beating the EPS estimates and showing a substantial year-over-year revenue increase, is likely to instill investor confidence and could lead to a short-term uptick in TXRH's stock price. Historical data indicates that even when the company missed EPS estimates in the past, the stock price increased the following day, suggesting a positive investor sentiment towards the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100