Compared to Estimates, Shake Shack (SHAK) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Shake Shack (SHAK) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shake Shack (SHAK) Meets Q2 Earnings Estimates
Shake Shack (SHAK) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.18 per share a year ago.
Shake Shack's stock rallies 15% as profit jumps
Shake Shack Inc.'s stock SHAK was up nearly 15% in premarket trading on Thursday after the restaurant chain said its second-quarter profit rose 39% and beat Wall Street's revenue estimate. Shake Shack said its second-quarter net income rose to $9.67 million, or 23 cents a share, from $6.95 million, or 16 cents a share in the year-ago period.
Here's Why Shake Shack (SHAK) is a Strong Growth Stock
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Shake Shack (SHAK) Gears Up for Q2 Earnings: What's in Store?
Shake Shack's (SHAK) second-quarter results are likely to benefit from robust Shack sales.
Shake Shack (SHAK) Earnings Expected to Grow: Should You Buy?
Shake Shack (SHAK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shake Shack: Wall Street Seems Too Bullish On Q2
Shake Shack is going to report its Q2 results in the coming weeks, with Wall Street analysts expecting the company to post stronger financials than are guided. The industry has continued to be soft, and while Shake Shack communicated a strong 4.9% Same-Shack sales growth, the performance should go down from May forward. Shake Shack stock continues to be highly overvalued with my earnings growth estimates.
Why Shake Shack (SHAK) is a Top Growth Stock for the Long-Term
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What Makes Shake Shack (SHAK) a New Buy Stock
Shake Shack (SHAK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shake Shack (SHAK) Stock Rises 20% YTD: More Room to Run?
Shake Shack (SHAK) focuses on the strategic use of multi-format locations to unlock new market potential and customer bases. However, inflationary pressures are a concern.
Shake Shack (SHAK) Gains From Same-Shack Sales Amid High Costs
Shake Shack (SHAK) benefits from strong same-shack sales, strategic expansion and innovative menu offerings.
