These Analysts Cut Their Forecasts On Jack In The Box After Q3 Results
Portfolio Pulse from Avi Kapoor
Jack in the Box Inc. (NASDAQ:JACK) reported mixed Q3 results, beating earnings estimates but missing sales forecasts. Analysts have subsequently lowered their price targets for the stock.
August 07, 2024 | 1:34 pm
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Jack in the Box reported Q3 earnings of $1.65 per share, beating estimates, but missed sales forecasts. Analysts have lowered their price targets, reflecting cautious sentiment.
The mixed Q3 results and subsequent lowering of price targets by multiple analysts suggest a cautious outlook. While the earnings beat is positive, the sales miss and reduced price targets indicate potential challenges ahead.
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