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The Cheesecake Factory (CAKE) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Tue Feb 20, 1:01AM CST

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Restaurant company Cheesecake Factory (NASDAQ:CAKE) will be reporting results tomorrow after the bell. Here's what investors should know.

Last quarter The Cheesecake Factory reported revenues of $830.2 million, up 5.9% year on year, missing analyst expectations by 1.4%. It was a mixed quarter for the company, with an impressive beat of analysts' gross margin estimates but a miss of analysts' revenue estimates.

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

This quarter analysts are expecting The Cheesecake Factory's revenue to decline 1.9% year on year to $875.9 million, a deceleration on the 14.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 per share.

The Cheesecake Factory Total Revenue

The company missed Wall St's revenue estimates six times over the last two years.

Looking at The Cheesecake Factory'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. Texas Roadhouse delivered top-line growth of 15.3% year on year, beating analyst estimates by 0.3% and Brinker International reported revenues up 5.4% year on year, missing analyst estimates by 0.4%. Both companies (Texas Roadhouse and Brinker International) traded flat on the results.

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

There has been positive sentiment among investors in the sit-down dining segment, with the stocks up on average 2.9% over the last month. The Cheesecake Factory is up 2.5% during the same time, and is heading into the earnings with analyst price target of $34.9, compared to share price of $34.9.

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