Shake Shack Inc reports results for the quarter ended September 30 - Earnings Summary

• Shake Shack Inc SHAK.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 30 cents to 40 cents per share.

• Revenue rose 15.2% to $423.27 million from a year ago; analysts expected $426.10 million.

• Shake Shack Inc's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $16.49 million.

• Shake Shack Inc shares had risen by 24.1% this quarter and lost 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Shake Shack Inc is $82.00, about 11.2% above its last closing price of $72.82

This summary was machine generated from LSEG data November 5 at 06:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)