Brokerage Firms Predict Kura Sushi USA, Inc. (NASDAQ: KRUS) to Announce $ -0.16 BPA
Equity research analysts expect Kura Sushi USA, Inc. (NASDAQ: KRUS) to post earnings per share (EPS) of ($ 0.16) for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for Kura Sushi USA, with estimates ranging from ($ 0.22) to ($ 0.10). Kura Sushi USA reported earnings of ($ 0.71) per share for the same quarter last year, suggesting a positive year-over-year growth rate of 77.5%. The company is expected to announce its next results on Monday, January 10.
According to Zacks, analysts expect Kura Sushi USA to report annual earnings of ($ 0.35) per share for the current year, with EPS estimates ranging from ($ 0.38) to (0 , $ 29). For the next fiscal year, analysts expect the company to report earnings of $ 0.18 per share, with EPS estimates ranging from $ 0.07 to $ 0.28. Zacks earnings per share averages are an average based on a survey of research analysts who cover Kura Sushi USA.
Kura Sushi USA (NASDAQ: KRUS) last released its quarterly results on Thursday, November 11. The company reported ($ 0.15) earnings per share (EPS) for the quarter, exceeding the consensus estimate of ($ 0.31) by $ 0.16. Kura Sushi USA had a negative net margin of 15.86% and a negative return on equity of 35.93%. The company posted revenue of $ 27.92 million in the quarter, compared to the consensus estimate of $ 25.00 million. In the same quarter of last year, the company posted ($ 0.82) EPS.
A number of research companies have published reports on KRUS. Roth Capital raised its price target for Kura Sushi USA stock from $ 46.00 to $ 70.00 and assigned a “buy” rating to the stock in a report released on Friday, November 12. Zacks Investment Research downgraded Kura Sushi USA’s stock rating from a “buy” rating to a “hold” rating in a report released on Wednesday, December 8. Stephens raised his price target for the Kura Sushi USA stock from $ 62.00 to $ 72.00 and rated the stock “overweight” in a report released on Friday November 12th. Craig Hallum raised his price target for the Kura Sushi USA stock from $ 50.00 to $ 77.00 and gave the stock a “buy” rating in a report released on Friday, November 12. Finally, BMO Capital Markets raised its price target for Kura Sushi USA shares from $ 45.00 to $ 70.00 and rated the stock “outperform” in a report released on Friday, November 12. . One analyst rated the stock with a conservation rating and six gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $ 69.67.
Large investors recently changed their holdings of stocks. American International Group Inc. increased its stake in Kura Sushi USA by 14.4% in the 3rd quarter. American International Group Inc. now owns 2,194 shares of the company valued at $ 96,000 after acquiring an additional 277 shares during the period. Bank of New York Mellon Corp increased its stake in Kura Sushi USA by 7.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,914 shares of the company valued at $ 389,000 after acquiring 640 additional shares during the period. Two Sigma Investments LP purchased a new stake in Kura Sushi USA in the 3rd quarter for a value of approximately $ 1,258,000. Millennium Management LLC increased its stake in Kura Sushi USA by 283.5% in the 3rd quarter. Millennium Management LLC now owns 21,110 shares of the company valued at $ 922,000 after acquiring an additional 15,605 shares during the period. Finally, Man Group plc bought a new stake in Kura Sushi USA in the 3rd quarter for a value of approximately $ 341,000. 24.21% of the shares are currently held by institutional investors.
The NASDAQ KRUS opened at $ 80.84 on Friday. The company has a fifty-day simple moving average of $ 63.21 and a 200-day simple moving average of $ 51.37. Kura Sushi USA has a 12 month low of $ 17.55 and a 12 month high of $ 83.00. The company has a current ratio of 2.87, a quick ratio of 2.83 and a debt ratio of 0.01. The company has a market cap of $ 784.31 million, a P / E ratio of -66.26 and a beta of 1.93.
Kura Sushi USA Company Profile
Kura Sushi USA, Inc is committed to operating a technology-based Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi serving model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, California.
Read more: Why Investors Pay Attention to Retained Earnings
Get a Free Copy of Zacks’ Research Report on Kura Sushi USA (KRUS)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Kura Sushi USA right now?
Before you consider Kura Sushi USA, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Kura Sushi USA was not on the list.
While Kura Sushi USA currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here