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Chuy's Earnings: What To Look For From CHUY

StockStory - Wed Nov 1, 2023

CHUY Cover Image

Casual restaurant chain Chuy’s (NASDAQ:CHUY) will be reporting earnings tomorrow after market hours. Here's what investors should know.

Last quarter Chuy's reported revenues of $119 million, up 7.26% year on year, in line with analyst expectations. It was a slower quarter for the company, with earnings exceeding analysts' estimates.

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

This quarter analysts are expecting Chuy's's revenue to grow 4.67% year on year to $111.7 million, in line with the 4.65% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.

Chuy's 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 three times over the last two years.

Looking at Chuy's's peers in the sit-down dining segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. BJ's delivered top-line growth of 2.34% year on year, missing analyst estimates by 2.22% and Texas Roadhouse reported revenues up 12.9% year on year, missing analyst estimates by 0.06%. BJ's traded down 2.3% on the results, Texas Roadhouse was down 1.7%.

Read our full analysis of BJ's's results here and Texas Roadhouse's results here.

Investors in the sit-down dining segment have had steady hands going into the earnings, with the stocks up on average 1.5% over the last month. Chuy's is down 4.18% during the same time, and is heading into the earnings with analyst price target of $41.6, compared to share price of $33.6.

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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