Sonic Corp. is expected to report earnings on June 26 after market close. The report will be for the quarter ending May 2018. Sonic Corp. has the history of beating analysts’ earnings estimates. In the past four quarters, the company: Beat analyst EPS estimates by 2 cents ($.43 actuals vs. $.41 forecast) in Q3’17; Beat analyst EPS estimates by 2 cents ($.45 actuals vs. $.43 forecast) in Q4’17; Beat analyst EPS estimates by 5 cents ($.30 actuals vs. $.25 forecast) in Q1’18; Beat analyst EPS estimates by 2 cents ($.17 actuals vs. $.15 forecast) in Q2’18. How do you think?
They'll beat top line, you can bank on it. Promotional deals have them busy. For their bottom line... voodoo accounting can work wonders. Thin margins I suspect. Labor is always an issue. Private equity might be a player... other than that.... nothing really to see here. But as always.... thanks for keeping ET's stock forums alive. We're few and far between.
Whoa. Even with the promotions, they missed on revenue. Same store sales down .2%. Look at those YOY numbers. Not good. Down 8% after hours. I suspect they'll step in and keep a floor under the stock however (with buyback $'s) so panic doesn't ensue. http://archive.fast-edgar.com//20180626/ASZ2T222Z222M2F2222P22Z2NOHMDZ2HA2A2/