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Kura Sushi (KRUS) Q4 Earnings: What To Expect

StockStory - Tue Nov 7, 2023

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Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results tomorrow after the bell. Here's what to look for.

Last quarter Kura Sushi reported revenues of $49.2 million, up 29.7% year on year, missing analyst expectations by 0.7%. It was a weak quarter for the company, with revenue missing Wall Street's expectations.

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

This quarter analysts are expecting Kura Sushi's revenue to grow 32.4% year on year to $55.6 million, slowing down from the 50.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.24 per share.

Kura Sushi 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 Kura Sushi's peers in the sit-down dining segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Bloomin' Brands delivered top-line growth of 2.3% year on year, missing analyst estimates by 0.2% and Texas Roadhouse reported revenues up 12.9% year on year, missing analyst estimates by 0.1%. Bloomin' Brands traded down 6.7% on the results, Texas Roadhouse was down 1.7%.

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

There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 4.8% over the last month. Kura Sushi is down 7.2% during the same time, and is heading into the earnings with analyst price target of $87.7, compared to share price of $64.72.

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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