First Watch Restaurant Group, Inc. (FWRG) Lags Q4 Earnings Estimates

Core Insights - First Watch Restaurant Group, Inc. (FWRG) reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share, representing a 50% earnings surprise [1] - The company posted revenues of $263.29 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.43% and showing an increase from $244.63 million year-over-year [2] - The stock has lost approximately 2.7% since the beginning of the year, while the S&P 500 has declined by 4.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $278.05 million, and for the current fiscal year, it is $0.44 on revenues of $1.17 billion [7] - The estimate revisions trend for First Watch Restaurant Group is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Retail - Restaurants industry is currently in the top 35% of over 250 Zacks industries, suggesting that companies in this sector are likely to outperform those in the bottom 50% [8] - Darden Restaurants, a peer in the same industry, is expected to report quarterly earnings of $2.82 per share, reflecting a year-over-year change of +7.6%, with revenues anticipated to be $3.22 billion, up 8.2% from the previous year [9][10]