Jack In The Box Q2 Adj $1.46 Beats $1.42 Estimate, Sales $365.35M Miss $368.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jack In The Box reported Q2 adjusted earnings of $1.46 per share, surpassing the $1.42 estimate, but its sales of $365.35M fell short of the $368.64M forecast. This represents a slight decrease in earnings and a 7.68% drop in sales from the previous year.
May 14, 2024 | 1:03 pm
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NEUTRAL IMPACT
Jack In The Box's Q2 earnings exceeded expectations, but sales did not meet forecasts, indicating mixed financial health.
While beating earnings estimates typically has a positive impact on stock prices, missing sales forecasts can counteract this effect. The slight decrease in earnings compared to last year and a significant drop in sales might concern investors, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100