Jack In The Box (JACK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Jack In The Box due to lower revenues, with a focus on how actual results compare to estimates [1][2]. Earnings Expectations - Jack In The Box is expected to report quarterly earnings of $1.13 per share, reflecting a year-over-year decrease of 22.6% [3]. - Revenues are projected to be $342.51 million, down 6.3% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 5.57% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +1.96% suggests analysts have recently become more optimistic about the company's earnings prospects [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Jack In The Box currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Jack In The Box exceeded the expected earnings of $1.71 per share, achieving actual earnings of $1.92, resulting in a surprise of +12.28% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - Jack In The Box is viewed as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance ahead of the earnings release [16].