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El Pollo Loco Holdings (LOCO) Q4 Earnings Match Estimates
El Pollo LocoEl Pollo Loco(US:LOCO) Zacks Investment Researchยท2024-03-07 23:46

Core Viewpoint - El Pollo Loco Holdings reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, with revenues of $112.25 million, exceeding expectations by 3.12% [1][2] Financial Performance - Earnings per share (EPS) for the quarter were $0.16, unchanged from the previous year [1] - The company had previously expected earnings of $0.18 per share but reported $0.19, resulting in a surprise of 5.56% [1] - Revenues for the quarter were $112.25 million, compared to $115.92 million a year ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and revenue estimates two times [1] Market Performance - El Pollo Loco shares have increased by approximately 2% since the beginning of the year, while the S&P 500 has gained 7% [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $111.06 million, and for the current fiscal year, it is $0.72 on revenues of $465.32 million [4] - The Retail - Restaurants industry is ranked in the bottom 45% of over 250 Zacks industries, which may impact stock performance [4] - Kura Sushi, another company in the same industry, is expected to report a quarterly loss of $0.03 per share, with revenues projected to be $56.25 million, reflecting a 28% year-over-year increase [5]