Jack In The Box Analysts Cut Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Jack In The Box Inc (NASDAQ:JACK) reported better-than-expected Q2 FY24 adjusted EPS but missed sales estimates. The company saw a 7.7% decline in sales and a 2.5% decrease in same-store sales. Analysts have cut their price targets following the results.
May 15, 2024 | 11:57 am
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Jack In The Box reported better-than-expected Q2 FY24 adjusted EPS but missed sales estimates. The company saw a 7.7% decline in sales and a 2.5% decrease in same-store sales. Analysts have cut their price targets following the results.
Despite beating EPS estimates, the decline in sales and same-store sales, along with the reduction in price targets by multiple analysts, suggests a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100