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Texas Roadhouse Inc(TXRH-Q)

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Texas Roadhouse Earnings: What To Look For From TXRH

StockStory - Wed Feb 14, 1:01AM CST

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Restaurant company Texas Roadhouse (NASDAQ:TXRH) will be announcing earnings results tomorrow afternoon. Here's what to expect.

Last quarter Texas Roadhouse reported revenues of $1.12 billion, up 12.9% year on year, missing analyst expectations by 0.1%. It was a slower quarter for the company, with a miss of analysts' revenue and earnings 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 15% year on year to $1.16 billion, improving on the 12.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share.

Texas Roadhouse Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing eight upward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Texas Roadhouse's peers in the sit-down dining segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Brinker International delivered top-line growth of 5.4% year on year, missing analyst estimates by 0.4% and Denny's reported revenue decline of 4.5% year on year, missing analyst estimates by 0.3%. Brinker International traded up flat on the results, and Denny's was down 2.1%.

Read our full analysis of Brinker International's results here and Denny's's results here.

There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 3.5% over the last month. Texas Roadhouse is up 12.1% during the same time, and is heading into the earnings with with analyst price target of $129.1, compared to share price of $132.4.

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