Oppenheimer maintains a 'Perform' on Jack In The Box (JACK); Strong Top-Line Momentum, But F2012 EPS Outlook Below Expectations
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Price: $17.10 +0.41%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Oppenheimer maintains a 'Perform' on Jack In The Box (NASDAQ: JACK).
Oppenheimer analyst says, "JACK reported impressive F4Q11 "operating" EPS of $0.19, ahead of our $0.16 estimate owing to both stronger than expected comps and restaurant margins. However, initial 2012 EPS outlook is below expectations (despite a strong comp outlook) calling for operating EPS of $0.90-1.10, vs. our $1.12 estimate going into the quarter. The gap appears attributable to higher than expected SG&A, food cost headwinds, franchisee re-image incentives ($0.07-0.09) and elevated tax rate. Headline F2012 EPS guidance of $1.10-1.43 (including $0.20-0.33 from refranchising gains) is below consensus of $1.72."
For an analyst ratings summary and ratings history on Jack In The Box click here. For more ratings news on Jack In The Box click here.
Shares of Jack In The Box closed at $20.12 yesterday.
Oppenheimer analyst says, "JACK reported impressive F4Q11 "operating" EPS of $0.19, ahead of our $0.16 estimate owing to both stronger than expected comps and restaurant margins. However, initial 2012 EPS outlook is below expectations (despite a strong comp outlook) calling for operating EPS of $0.90-1.10, vs. our $1.12 estimate going into the quarter. The gap appears attributable to higher than expected SG&A, food cost headwinds, franchisee re-image incentives ($0.07-0.09) and elevated tax rate. Headline F2012 EPS guidance of $1.10-1.43 (including $0.20-0.33 from refranchising gains) is below consensus of $1.72."
For an analyst ratings summary and ratings history on Jack In The Box click here. For more ratings news on Jack In The Box click here.
Shares of Jack In The Box closed at $20.12 yesterday.
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