BJ's Restaurants Q3 2024 GAAP EPS $(0.13) Misses $0.02 Estimate, Sales $325.70M Beat $325.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
BJ's Restaurants reported a Q3 2024 GAAP EPS of $(0.13), missing the $0.02 estimate, but sales of $325.70M beat the $325.29M estimate. Sales increased by 2.21% compared to the same period last year.
October 31, 2024 | 8:05 pm
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NEGATIVE IMPACT
BJ's Restaurants reported a significant EPS miss for Q3 2024, with a loss of $(0.13) per share against an expected $0.02. However, sales slightly exceeded expectations, showing a 2.21% year-over-year increase.
The significant EPS miss is likely to negatively impact BJRI's stock price in the short term, despite the slight sales beat and year-over-year growth. Investors may focus on the earnings miss as a sign of potential challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100