Recap: BJ's Restaurants Q4 Earnings
Portfolio Pulse from Benzinga Insights
BJ's Restaurants (NASDAQ:BJRI) reported Q4 earnings with an EPS of $0.34, beating estimates by 21.43% but with a revenue decrease of $20.52 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 8.66% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.
February 15, 2024 | 9:10 pm
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BJ's Restaurants reported a strong Q4 earnings beat with an EPS of $0.34, surpassing estimates by 21.43%, despite a revenue decrease from the previous year.
The significant beat on EPS estimates is likely to positively impact investor sentiment and stock price in the short term, despite the revenue decrease. Historical data shows that even when missing EPS estimates, BJRI's stock price increased, indicating a potentially strong market reaction to earnings beats.
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IMPORTANCE 90
RELEVANCE 100