Earnings Preview: Cheesecake Factory
Portfolio Pulse from Benzinga Insights
Cheesecake Factory (NASDAQ:CAKE) is scheduled to release its quarterly earnings report on February 21, 2024, with an estimated EPS of $0.74. Historical data shows a mixed reaction to past earnings, with the stock price often reacting more to guidance than to earnings beats or misses. The stock has declined 14.09% over the last year, indicating potential investor concern ahead of the announcement.
February 20, 2024 | 3:01 pm
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NEUTRAL IMPACT
Cheesecake Factory is anticipated to report a quarterly EPS of $0.74 on February 21, 2024. The company's stock performance has been negative over the past year, with a 14.09% decline, and past earnings have shown that guidance significantly impacts stock price movements.
Given the historical sensitivity of Cheesecake Factory's stock price to earnings guidance and the recent negative trend, the upcoming earnings report and particularly the forward-looking statements could have a neutral to slightly negative impact in the short term. The anticipation of the earnings report may already be priced in, but any unexpected guidance could sway the stock price significantly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100