Carrols Restaurant Group, Inc. (NASDAQ:TAST) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TAST to report 3Q20 income of $ 0.11 per share.
For the full year, analysts anticipate top line of $ 1556.78 million, while looking forward to loss of $ 0.02 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,640.00 million ~ $ 1,690.00 million
Click Here For More Historical Outlooks Of Carrols Restaurant Group, Inc.
Previous Quarter Performance
Carrols Restaurant Group, Inc. recorded income for the second quarter of $ 0.16 per share, from the revenue of $ 368.42 million. According to street consensus, TAST was expected to report 2Q20 loss of $ 0.06 per share from revenue of $ 367.22 million. The bottom line results beat street analysts by $ 0.22 or 366.67 percent, at the same time, top line results outshined analysts by $ 1.20 million or 0.33 percent.
Stock Performance
Shares of Carrols Restaurant Group, Inc. traded up $ 0.05 or 0.80 percent on Wednesday, reaching $ 6.28 with volume of 213.50 thousand shares. Carrols Restaurant Group, Inc. has traded high as $ 6.44 and has cracked $ 6.00 on the downward trend
The closing price of $ 6.28, representing a 535.71 % increase from the 52 week low of $ 0.98 and a 26.45 % decrease over the 52 week high of $ 8.47.
The company has a market capital of $ 331.11 million and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 12th October 2020, upgraded by Raymond James to Outperform from Market Perform rating.
- On 23rd September 2020, initiated by Wolfe Research at Outperform rating, with $ 8.00 target price.
Conference Call
Carrols Restaurant Group, Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.carrols.com
Carrols Restaurant Group, Inc., through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of June 13, 2019, it owned and operated a total of 1,023 Burger King and 55 Popeyes restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.
