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Texas Roadhouse Inc(TXRH-Q)
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Texas Roadhouse (TXRH) Reports Earnings Tomorrow. What To Expect

StockStory - Wed Oct 25, 2023

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Restaurant company Texas Roadhouse (NASDAQ:TXRH) will be announcing earnings results tomorrow after market hours. Here's what to look for.

Last quarter Texas Roadhouse reported revenues of $1.17 billion, up 14.3% year on year, in line with analyst expectations. It was an ok quarter for the company, with revenue and EPS roughly inline with analysts' estimates.

Is Texas Roadhouse buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Texas Roadhouse's revenue to grow 13% year on year to $1.12 billion, in line with the 14.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.06 per share.

Texas Roadhouse Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Texas Roadhouse's peers in the restaurants segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Darden delivered top-line growth of 11.6% year on year, beating analyst estimates by 0.83% and Domino's reported revenue decline of 3.86% year on year, missing analyst estimates by 1.99%. Darden traded down 2.93% on the results, Domino's was down 2.97%.

Read our full analysis of Darden's results here and Domino's's results here.

Investors in the restaurants segment have had steady hands going into the earnings, with the stocks down on average 1.44% over the last month. Texas Roadhouse is up 1.42% during the same time, and is heading into the earnings with analyst price target of $115.4, compared to share price of $95.9.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.

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